The KOSPI gave up the 3000 mark and started lower at 2990. It was just one trading day after recovering the 3000 mark for the first time in three and a half years at the end of last week.
According to the Korea Exchange and others on the 23rd, the KOSPI index opened at 2992.20, recording a drop of 30.01 points (0.99%) to 2991.83 as of 9:01 a.m. compared to the previous transaction.
On the 20th, the KOSPI index closed up by 44.10 points (1.48%) at 3021.84, marking the return to the 3000 level for the first time in three years and six months since December 2021.
A major negative factor, the bombing of Iran's nuclear facilities by the United States, has led to a decline in investor sentiment. This is because Iran has warned of retaliation, bringing concerns over a Middle East war closer to reality.
Additionally, news that the Donald Trump administration in the United States has decided to restrict the supply of U.S. equipment to the Chinese factories of Korean semiconductor corporations such as Samsung Electronics and SK hynix is also seen as negative.
Foreigners, who led the recovery of the KOSPI to 3000, have turned to 'selling,' with net sales amounting to 11.9 billion won. Institutions are also net buying 8.3 billion won. Individuals are net buying 36.5 billion won.
By individual stock, the stocks of Samsung Electronics and SK hynix, the top two by market capitalization in the KOSDAQ market, are both declining. The stock price of Samsung Electronics is down more than 2%.
The stock prices of Samsung Biologics, LG Energy Solution, and Hanwha Aerospace are also declining. In contrast, the stock prices of Naver, Doosan Enerbility, and KB Financial are strong.
At the same time, the KOSDAQ index is also down, showing a decrease of 13.85 points (1.75%) to 777.68. Foreigners and institutions are net buying 3.4 billion won and 2.3 billion won, respectively, but individuals are net selling 4.7 billion won.
Most of the high-cap stocks in the KOSDAQ market are also bearish. The stock price of Alteogen is down more than 2%, while the stock price of ECOPRO BM has fallen over 4%.
Additionally, the stock prices of HLB, Ecopro, Rainbow Robotics, HUGEL, and Peptron are declining. Among the top 10 stocks by market capitalization in the KOSDAQ, only PharmaResearch is seeing a strong stock price.
Meanwhile, in the Seoul foreign exchange market, the won-dollar exchange rate is recorded at 1374.00 won, down 5.80 won (0.42%) compared to the previous transaction.