The two major domestic markets are showing a sluggish trend in the early session. Retail investors alone are net buying stocks to defend the index. This is analyzed as reflecting an unstable macroeconomic situation, including rising U.S. Treasury yields and a sharp surge in international oil prices.
As of 9:16 a.m. on the 16th, the KOSPI index is showing a gain of 8.51 points (0.13%) from the previous day at 6,635.77. The KOSPI opened lower by 16.02 points (0.24%) at 6,611.24 on this day and is showing mixed trends, swinging between weakness and strength. However, it is moving within a flat range, showing low volatility.
This trend is analyzed as reflecting the U.S. stock market's weak close due to rising yields on 10-year U.S. Treasury bonds and rising international oil prices. Overnight at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average closed down 328.09 points (0.63%) from the previous trading day at 52,093.11, and the Standard & Poor's (S&P) 500 index closed down 34.25 points (0.45%) at 7,585.73. The NASDAQ index, centered on technology stocks, also recorded a drop of 204.84 points (0.78%) to 25,981.57.
Looking at the supply and demand situation for the KOSPI, retail investors are net buying stocks worth 336.8 billion won at this moment to defend the index. Foreign investors and institutional investors are net selling stocks worth 382 billion won and 38 billion won, respectively.
By industry in the KOSPI, IT services, machinery and equipment, transportation equipment and parts, and construction all fell by over 1%. Retail sales rose by over 1%.
Among the top market capitalization stocks in the KOSPI, Samsung Electronics and SK Hynix rose by 0.30% and 0.89%, respectively, from the previous day. LG Energy Solution rose by over 2%, while Doosan Enerbility fell by over 1%.
The KOSDAQ is showing a decline of 7.08 points (0.87%) from the previous trading day at 805.33 at this moment. The KOSDAQ opened lower by 4.04 points (0.50%) at 808.37 on this day and is continuing a weak trend.
In the KOSDAQ, retail investors are net buying stocks worth 112.5 billion won at this moment. Foreign investors and institutional investors are net selling stocks worth 108.6 billion won and 3.6 billion won, respectively.
By industry in the KOSDAQ, communications fell by over 3%. Pharmaceuticals, IT services, general services, finance, machinery and equipment also fell by over 1%. The remaining industries are moving within a flat range.
Among the top market capitalization stocks in the KOSDAQ, Robotis fell by over 4%. This was followed by HLB, AlteoGen, RAINBOW Robotics, which fell by over 2%, and Reno Industrial, Samcheondang Pharmaceutical, which each fell by over 1%.
At this moment, the won/dollar exchange rate is trading in the mid-1,360 won range.
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