On the 16th, the Korea Composite Stock Price Index (KOSPI) started with a slight decline. Overnight, as the New York Stock Exchange took a breather, it seems that domestic market investor sentiment has also weakened.
According to the Korea Exchange, the KOSPI index opened at 2,472.78, down 4.63 points (0.19%) from the previous trading day. As of 9:01 a.m., it recorded 2,474.40, down 3.01 points (0.12%) from the previous trading day.
In the early trading session, institutions and foreigners sold a net 2.9 billion won and 300 million won, respectively, leading to a drop in the index. Individuals are buying a net 5.1 billion won.
Amid rising tensions in U.S.-China trade negotiations, U.S. President Donald Trump refrained from imposing additional tariffs or making comments, causing the market to take a breather.
Overnight, the New York Stock Exchange closed with a slight decline. The Dow Jones Industrial Average closed down 155.83 points (0.38%) at 40,368.96.
The Standard & Poor's 500 index fell 9.34 points (0.17%) to 5,396.63, while the Nasdaq Composite Index dropped 8.32 points (0.05%) to 16,823.17.
Among the top 10 stocks by market capitalization in the securities market (KOSPI), seven stocks showed a decline. Samsung Electronics and SK hynix fell 1% each, and automobile stocks, including Hyundai Motor, are also weak.
In contrast, shares of LG Energy Solution, Hanwha Aerospace, and HD Hyundai Heavy Industries are rising.
At the same time, the KOSDAQ index is also declining. It was down 0.75 points (0.11%) at 711.17. Institutions are selling a net 1.1 billion won.
By individual stocks, bio stocks like Alteogen and HLB in the KOSDAQ market are weak. Other secondary battery stocks such as Ecopro and ECOPRO BM remain stable.
In the Seoul foreign exchange market, the won-dollar exchange rate is up 4.70 won (0.33%) at 1,427.20 won.