Last night, the U.S. stock market in New York continued its upward trend amid expectations of interest rate cuts, but the domestic market is fluctuating in a steady range due to foreign selling.
As of 11:18 a.m., the KOSPI index recorded 3,218.99, down 5.48 points (0.17%) from the previous transaction. The KOSPI index opened at 3,226.52, an increase of 2.15 points (0.07%) from the previous session, only to turn downward thereafter. Institutional investors purchased 8.4 billion won, while individuals and foreigners sold 28.2 billion won and 23.5 billion won, respectively.
The top market capitalization stocks are showing mixed trends. Semiconductor heavyweights Samsung Electronics and SK hynix are down 0.35% and 2.34%, respectively. The preferred stock of Samsung Electronics is down 0.85%. Samsung Biologics and KB Financial have turned downward, and Doosan Enerbility is also declining. Conversely, LG Energy Solution, Hanwha Aerospace, Hyundai Motors, and HD Hyundai Heavy Industries are rising.
The KOSDAQ index is trading at 815.48, up 1.40 points (0.17%) from the previous transaction. The KOSDAQ index opened at 814.48, up 0.38 points (0.05%) from the previous transaction, and is fluctuating up and down. Individual investors bought 59.5 billion won, but foreigners and institutions sold 28.2 billion won and 15.1 billion won, respectively.
Among the top 10 market capitalization stocks, Alteogen is down 1.22%, and HLB is also in decline. ECOPRO BM, Peptron, Ecopro, PharmaResearch, LigaChem Biosciences, Rainbow Robotics, and ABL Bio are all rising.
Lee Sung-hoon, a researcher at Kiwoom Securities, noted, "On this day, domestic stock prices are expected to maintain a steady trend around 3,200 points amid a tug-of-war over supply and demand, with increased volatility expected due to the options expiration date," adding, "While major countries like the U.S. and Japan continue a risk asset preference rally amid eased tariff uncertainties and expectations for interest rate cuts from the Federal Reserve, the domestic market is limited due to unique policy uncertainties in Korea."
As of 11:22 a.m., the exchange rate of the Korean won against the U.S. dollar (won-dollar exchange rate) is trading at 1,384.10 won, up 4.10 won from the previous day.