With Government Bonds yields in the United States and other major countries and international oil prices surging, the KOSPI index opened down more than 3% on the 2nd. The KOSDAQ index fell below the 800 level early in the session.
As of 9:02 a.m. that day, the KOSPI index was down 3.03% (206.95 points) from the previous trading day at 6,628.85. The KOSPI index opened at 6,625.47, down 3.08% (210.33 points) from the day before.
In the main board, individuals were net buyers of 120.2 billion won, while foreigners and institutions were net sellers of 81.9 billion won and 48.0 billion won, respectively.
Heavyweights on the main board were all falling. Samsung Electronics(005930) and SK hynix(000660) were each down more than 3%, while SK Square, Samsung Electro-Mechanics, LG Energy Solution, Hyundai Motor, Samsung Biologics, Samsung C&T, and KB Financial Group were also declining.
At the same time, the KOSDAQ index was at 797.73, down 23.52 points (2.86%) from the previous day. The KOSDAQ index started the session at 802.80, down 18.45 points (2.25%).
In the KOSDAQ market, individuals and foreigners were net buyers of 1.8 billion won and 4.3 billion won, respectively, while institutions alone were net sellers of 6.3 billion won.
Blue lights came on across the top market-cap stocks on the KOSDAQ. Alteogen, as well as EcoPro, EcoPro BM, Rainbow Robotics, Jusung Engineering, Wonik IPS, LEENO Industrial, EO Technics, SIMMTECH, and HLB were all falling.
As hostilities between the United States and Iran resumed, international oil prices surged and the three major U.S. indexes closed lower. On top of that, inflation concerns grew, deepening global bond selling and sending major Government Bonds yields sharply higher. The U.S. 10-year Government Bonds yield climbed to around 4.79%, the highest since Jan. last year.