The KOSPI index opened higher amid escalating tensions as military clashes between Iran and Israel continue.
As of 9:05 a.m., the KOSPI index recorded 2,908.63, up 14.01 points (0.48%) from the previous trading day. While individual and institutional investors are net selling 17.6 billion won and 36.6 billion won, respectively, foreign investors are net selling 50.8 billion won.
The market capitalization of the listed securities in the KOSPI is showing a mixed trend. Samsung Electronics, Samsung Biologics, LG Energy Solution, Hyundai Motor, and Kia are declining. In contrast, SK hynix, Hanwha Aerospace, and KB Financial are rising.
At the same time, the KOSDAQ index has recorded 773.11, up 4.25 points (0.55%) from the previous trading day. Foreign and institutional investors are net buying 19.5 billion won and 18.8 billion won, respectively, while individual investors are net selling 38.3 billion won.
The stock prices of the top companies by market capitalization in the KOSDAQ market are mixed. Alteogen, PharmaResearch, HUGEL, Peptron, and LigaChem Biosciences are strong. In contrast, ECOPRO BM, HLB, Ecopro, and Rainbow Robotics are declining.
At the end of last week (13th), the New York stock market closed down amid signs of escalating tensions in the Middle East. The Dow Jones Industrial Average, the Standard & Poor's (S&P) 500 index, and the Nasdaq index fell by 1.79%, 1.13%, and 1.30%, respectively, due to fears of further escalation as military clashes between Iran and Israel lead to retaliatory responses.
Han Ji-young, a researcher at Kiwoom Securities, noted, "The likelihood of a swift resolution to this situation is low, but the potential for it to escalate into a major adverse event that could undermine the existing upward trend in the stock market is limited."