The KOSPI remained slightly lower as continued foreign selling offset retail investors' bargain hunting, following a sharp drop triggered by weaker AI investment sentiment in the wake of the U.S.-led blue wave.
As of 9:16 a.m. on Monday, the KOSPI stands at 5,055.66, down 4.03 points (0.08%) from the previous trading session. The KOSPI opened at 5,034.20, down 25.49 points (0.50%), and after showing mixed performance, it is currently lingering in a slight decline.
In the KOSPI market, based on Korea Exchange (KRX) data, retail investors are net buying 129.3 billion won, while institutional investors are net buying 107 billion won, and foreign investors are net selling 256.3 billion won. Among institutional investors, financial investment, which reflects trading in exchange-traded funds (ETFs), shows net buying of 197.6 billion won, leading to the interpretation that retail net buying is effectively strong.
Han Ji-young, a researcher at Kiwoom Securities, explained, "This week, the KOSPI will move within the range of 4,800 to 5,350 as it digests the aftershocks of AI uncertainty stemming from the US blue wave, the release of inflation indicators such as the US October Consumer Price Index (CPI) and Producer Price Index (PPI), remarks by key Federal Reserve officials including the New York Federal Reserve Bank president, and earnings from major AI stocks such as CoreWeave and AMAT."
She added, "While the aftershocks of panic triggered by data center regulations from the US Democratic Party will persist, it is necessary to note that the probability of a rebound has increased rather than a further sharp drop in stock prices."
By sector, medical and precision equipment, and insurance are rising by over 1%, while machinery and equipment, transportation and warehousing, telecommunications, metals, securities, and food and tobacco are down by over 1%, and transportation equipment and parts are falling by over 2%.
Among top market capitalization stocks, Samsung Life Insurance is up by over 2% and Celltrion is up by 1%. SK Square and Samsung C&T are down by over 1%, LG Energy Solution, Kia, and Samsung Electro-Mechanics are down by over 2%, and Samsung SDI is down by over 4%. Samsung Electronics and SK Hynix are in a slight decline.
At the same time, the KOSDAQ stands at 638.89, down 5.38 points (0.84%) from the previous trading session. The KOSDAQ opened at 638.82, down 5.45 points (0.85%), and remains in a weak trend.
In the KOSDAQ market, retail investors are net buying 26.2 billion won, while foreign investors are net selling 26.7 billion won and institutional investors are net selling 2 billion won.
By sector, entertainment and culture, other manufacturing, paper and wood, IT services, and construction are rising by over 1%, while transportation and warehousing, electrical and electronic, manufacturing, metals, and chemicals are down by over 1%, machinery and equipment is down by over 2%, finance is down by over 3%, and general services are falling by over 4%.
Among top market capitalization stocks, Iotech is up by over 1%, while HPSP and Rino Industrial are down by over 1%, HLB and Wonik IPS are down by over 3%, EcoPro BM is down by over 4%, Rainbow Robotics and EcoPro are down by over 5%, Robotis is down by over 7%, and Alteogen is falling by over 11%.
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