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KOSPI closes slightly lower at 6,627.26 amid U.S. rate concerns

KOSPI closes slightly lower at 6,627.26 amid U.S. rate concerns

[Closing Market Review]

Hana Bank's dealing room in Jung-gu, Seoul, Tuesday./ NEWS1
Hana Bank's dealing room in Jung-gu, Seoul, Tuesday./ NEWS1

The KOSPI index ended mixed on Tuesday with a slight decline, holding above the 6,600 level. During the session, yields on U.S. 10-year Treasury bonds traded in Asian markets broke through the 5th% mark again, exerting downward pressure on domestic stock markets.

On this day, the KOSPI index closed at 6,627.26, down 57.11 points (0.85%) from the previous trading day. The intraday high-low range was 133.26 points.

Based on cumulative data from Korea Exchange and NextTrade, other corporations purchased net worth of 1.6504 trillion won, individuals bought net worth of 1.194 trillion won, while foreign investors sold net worth of 1.7055 trillion won and institutional investors sold net worth of 1.1432 trillion won.

Samsung Electronics closed down 500 won (0.20%) at 248,500 won, and SK Hynix closed down 7,000 won (0.41%) at 1.69 million won. Among the top 10 stocks by market capitalization, LG Energy Solution rose alone with a gain of 14,000 won (3.98%).

Samsung Life showed weakness in the 4th% range, Samsung C&T and KB Financial Group in the 3rd% range, and Samsung Electro-Mechanics and Hyundai Motor in the 1st% range. Samsung Bioepis remained roughly flat, while SK Square also closed flat.

By sector, KOSPI transportation equipment and insurance fell by around 3%, finance, transportation warehousing, and securities dropped by about 2%, while electricity/gas, food/beverages/tobacco, machinery, communications, non-ferrous metals, and entertainment/culture declined by roughly 1%. Paper/wood, metals, real estate, manufacturing, general services, pharmaceuticals, electrical/electronics, and chemicals remained roughly flat. Conversely, medical precision rose by about 1%, while construction, IT services, and textiles/apparel showed gains close to flat.

Lee Kyung-min, a researcher at Daishin Securities, stated, "Although there were no new bad news items, additional increases in interest rates and oil prices diluted the perception that 'bad news had already been priced in,' leading to a weakening of bargain-hunting forces."

The KOSDAQ index closed up 5.62 points (0.70%) at 812.41 from the previous day. Institutional investors purchased net worth of 113.4 billion won, foreign investors bought net worth of 69.2 billion won, while individuals sold net worth of 185.6 billion won.

Among top market-cap stocks, IOTech rose by around 4%, EcoPro and Rainbow Robotics gained about 3%, and EcoPro BM advanced by roughly 2%. Simtek closed with gains close to flat. In contrast, Juseong Engineering fell by about 6%, while Wonik IPS and Rino Industrial ended down by approximately 1%. AlteoGen closed within the flat range.

By sector, KOSDAQ transportation equipment rose by around 4%, and finance and other manufacturing gained about 1%. Electrical/electronics, chemicals, manufacturing, pharmaceuticals, machinery, semiconductor materials, general services, IT services, entertainment/culture, medical precision, and paper/wood showed gains close to flat. Communications, metals, retail, non-ferrous metals, food/beverages/tobacco, transportation warehousing, construction, and textiles/apparel closed in the weakly flat range.

On this day, the won/dollar exchange rate ended the week's trading on the Seoul foreign exchange market at 1,359.4 won, down 12.1 won from the previous day.

"This article was translated using AI and may differ slightly from the original."