With the U.S. policy rate decision and Q3 earnings releases from major companies ahead, KOSPI is showing mixed trading in early hours on Monday. Retail investors, foreign investors, and institutional investors are all alternating between net buying and net selling, with no clear directional trend emerging.
At 9:23 a.m. on this day, KOSPI stood at 5546.08, down 4.22 points (0.08%) from the previous trading session. After opening at 5499.05, down 51.25 points (0.92%), KOSPI briefly turned to gains in early trading before falling again, resulting in a mixed market.
Han Ji-young, a researcher at Kiwoom Securities, said, "This week, KOSPI will continue its volatile trading as it navigates major domestic and international events, including the October U.S. FOMC (Federal Open Market Committee) meeting, September PCE (Personal Consumption Expenditures) data, M7 earnings from companies such as Amazon and Alphabet, and earnings from Samsung Electronics and SK Hynix."
She projected that "the index will fluctuate between 5300 and 5800 this week."
Institutional investors bought a net 30.1 billion won on the Korea Exchange, while foreign investors sold a net 32 billion won and retail investors sold a net 7.4 billion won.
However, retail investors and institutional investors are alternating between net selling and net buying. Foreign investors, who had been net buyers immediately after the start of regular trading, have switched to net sellers, offloading shares.
Looking at top market capitalization stocks, Samsung Electronics is trading at 214,250 won, down 1,250 won (0.58%) from the previous session. SK Hynix is trading at 1,301,000 won, up 24,000 won (1.88%). SK Square, Samsung Electric, and Samsung Biologics are slightly higher, while KB Financial Group, Kia, and Shinhan Financial Group are slightly lower. LG Energy Solution and Hyundai Motor fell in the 1st% range, and Hanwha Aerospace is trading down in the 2nd% range.
Researcher Han said, "Domestically, earnings and conference calls from Samsung Electronics and SK Hynix are the main events that could shift the stock market sentiment."
She added, "For Samsung Electronics, key issues include whether a cash dividend of approximately 3 trillion won for Q3 has been confirmed, as well as the scale and method of shareholder returns scheduled for January next year. For SK Hynix, the key issue is whether specific plans for additional shareholder returns will be detailed following the withdrawal of Solidigm's IPO."
By sector, insurance is up in the 1st% range, while pharmaceuticals and electrical/electronics are slightly higher. Manufacturing, distribution, IT services, transportation/warehousing, and others are slightly lower, while construction, metals, electricity/gas, and telecommunications are down in the 1st% range.
At the same time, KOSDAQ stood at 745.30, down 6.39 points (0.85%).
In the KOSDAQ market, retail investors are buying while foreign investors and institutional investors are net sellers. At the point when retail investors bought a net 31.6 billion won, foreign investors sold a net 22.6 billion won and institutional investors sold a net 7.7 billion won.
Amid declines in major top market capitalization stocks, Roboteam surged over 10%, and Rainbow Robotics rose in the 3rd% range. Alteogen and Rino Industrial were slightly lower, while Ecopro, Iotech, Samchundang Pharm, Wonik IPS, and HPSP fell in the 1st% range. Ecopro BM, Simmtech, and HLB dropped in the 2nd% range, and Jusung Engineering was down in the 4th% range.
On KOSDAQ, textiles/apparel is up in the 1st% range, while IT services, publishing/media, and transportation equipment are slightly higher. Medical/precision instruments, telecommunications, metals, chemicals, entertainment/culture, and food/tobacco are slightly lower, while manufacturing, finance, electrical/electronics, construction, pharmaceuticals, and others are down in the 1st% range.
In Seoul foreign exchange markets on this day, the won/dollar exchange rate was trading at 1,323.5 won as of 9 a.m.
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