Morning, folks! ๐ The KOSPI (Korea Composite Stock Price Index) and KOSDAQ indices are feeling the heat today, mirroring the downturn in major US indices due to escalating US-China trade tensions. Let’s dive into the details.
KOSPI Overview
As of 9:04 AM, the KOSPI dipped to 2408.49, a decrease of 36.57 points (1.5%) from the previous day. It initially opened lower at 2400.74, down by 44.32 points (1.81%), but has shown a slight upward trajectory since then. Foreign and institutional investors are net sellers, while individual investors are net buyers.
- Foreign Investors: Net selling 23.2 billion KRW
- Institutional Investors: Net selling 1 billion KRW
- Individual Investors: Net buying 23.6 billion KRW
Major Stocks in the Red
Most of the top stocks by market capitalization are experiencing declines:
- LG Energy Solution: -3.29%
- Hyundai Motor: -3.1%
- SK Hynix: -3%
- Kia: -2.83%
- KB Financial: -2.64%
- Celltrion: -2.13%
- Hyundai Mobis: -2.05%
- Samsung Electronics: -1.68%
However, shipbuilding stocks like HD Hyundai Heavy Industries (+4.94%) and Hanwha Ocean (+3.42%) are holding up relatively well, buoyed by news that the US might consider purchasing ships from other countries.
KOSDAQ Overview
The KOSDAQ is also down, trading at 678.18, a decrease of 3.61 points (0.53%). It opened at 673.09, down by 8.7 points (1.28%), but has since recovered some ground. Individual investors are net sellers, while foreign and institutional investors are net buyers.
- Individual Investors: Net selling 17.2 billion KRW
- Foreign Investors: Net buying 16.2 billion KRW
- Institutional Investors: Net buying 1.2 billion KRW
Mixed Performance in KOSDAQ Top Stocks
The performance of top KOSDAQ stocks is mixed:
- Declining: EcoProBM (-2.71%), HLB (-2.66%), EcoPro (-2.48%), SamCheonDang Pharm (-2.17%), Hugel (-1.35%), Kolon TissueGene (-0.93%)
- Advancing: Peptron (+2.84%), LIG ChemBio (+1.2%), PharmaResearch (+1%)
Currency Update
The KRW/USD exchange rate is at 1453.5, down 2 KRW from the overnight session.
Driving Factors
The primary factor influencing the KOSPI market today is the heightened concern over US-China trade tensions. The US has reportedly increased tariffs on Chinese imports to a total of 145%, including a 20% increase related to fentanyl countermeasures.
Stay tuned for more updates as the trading day progresses! ๐๐
From : https://n.news.naver.com/mnews/article/022/0004026821?sid=101
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