The KOSPI recaptured the 4,000 level and opened higher on the 17th. However, after turning slightly lower in early trading and then rebounding, it is showing significant volatility.
As of 9:10 a.m., the KOSPI was at 4,016.41, up 17.28 points (0.43%) from the previous session. The KOSPI opened at 4,019.43, up 20.30 points (0.51%) from the previous session.
The main board is being led by retail investors. Individuals are net buying 206.4 billion won, while foreigners and institutions are net selling 185.2 billion won and 24.1 billion won, respectively.
Among the top market-cap stocks on the main board, moves are mixed. Samsung Electronics, SK hynix, Hyundai Motor, and Kia are rising, while LG Energy Solution, Samsung Biologics, HD Hyundai Heavy Industries, and Doosan Enerbility are falling.
At the same time, the KOSDAQ was trading at 919.46, up 3.35 points (0.37%) from the previous session. The KOSDAQ opened at 922.03, up 5.92 points (0.65%) from the previous session.
The KOSDAQ is also being led by retail investors. Individuals are net buying 139.4 billion won, while foreigners and institutions are dumping 73.1 billion won and 28.7 billion won, respectively.
Among the top 10 KOSDAQ market-cap stocks, six were in the green. With Alteogen, EcoPro, HLB, and Sam Chun Dang Pharm rising, EcoPro BM, ABL Bio, Rainbow Robotics, Kolon TissueGene, LigaChem Biosciences, and Peptron are falling.
Overnight, the three major U.S. indexes ended mixed. On the New York Stock Exchange (NYSE), the Dow Jones Industrial Average fell 302.30 points (0.62%) to close at 48,114.26, the Standard & Poor's (S&P) 500 fell 16.25 points (0.24%) to 6,800.26, and the Nasdaq composite rose 54.05 points (0.23%) to 23,111.46.
U.S. nonfarm payrolls in November increased by 64,000 from the previous month. The November unemployment rate was 4.6%, the record high since September 2021. The clear slowdown in new hiring appears to have sparked risk-off sentiment.
However, U.S. tech stocks rebounded. Nvidia, Apple, Microsoft, Amazon, and Broadcom ended slightly higher. Tesla rose more than 3% on expectations that SpaceX will go public.