On the 1st, the KOSPI index opened lower due to the influence of technology stocks declining successively in the U.S. market.
As of 9:07 a.m. on that day, the KOSPI index recorded 3,158.69, down 27.32 points (0.86%) from the previous trading day. The KOSPI index started trading at 3,164.58, down 0.67% from the previous trading day.
In the securities market, foreigners and institutions were net sellers of 86.1 billion won and 3.2 billion won, respectively, while individuals bought 95.3 billion won.
The top stocks by market capitalization were weak. SK hynix fell by over 4%, while Samsung Electronics preferred shares (-2.47%), Samsung Electronics (-2.15%), HD Hyundai Heavy Industries (-0.96%), and Hyundai Motor (-0.23%) were also down. In contrast, Hanwha Aerospace (3.05%) and Kia (0.38%) showed an upward trend.
At the same time, the KOSDAQ index was trading at 791.97, down 4.94 points (0.62%) from the previous trading day. The KOSDAQ index started at 795.30, down 1.61% from the previous trading day. In the KOSDAQ market, foreigners were net sellers of 31.1 billion won, pulling down the index. Individuals and institutions had net purchases of 27.1 billion won and 9.7 billion won, respectively.
Among the top market capitalization stocks in the KOSDAQ, there was a mixed trend. Stocks like Peptron (-1.78%), Sam Chun Dang Pharm (-1.20%), Ecopro (-0.79%), and PharmaResearch (-0.44%) were declining, while Alteogen (4.10%), HLB (0.99%), and LigaChem Biosciences (0.27%) were rising.
On that day, in the Seoul foreign exchange market, the won-to-dollar exchange rate opened at 1,390 won, down 0.1 won from the previous trading day.
On the previous trading day, the 29th (local time), the U.S. market was weak. The Dow Jones Industrial Average closed at 40,544.88, down 0.20% from the previous trading day. The Standard & Poor's 500 index closed at 6,460.26, down 0.64%, and the Nasdaq index recorded a drop of 1.15% to 21,455.55.
On that day, shares fell sharply, centered on technology stocks, following news that Chinese e-commerce company Alibaba had developed next-generation artificial intelligence (AI) chips in-house. The stock prices of leading companies in the AI chip industry, Nvidia and Broadcom, fell by over 3%. In contrast, Alphabet set a record high recently, being recognized for its strong technology in the AI industry.