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The KOSPI started lower on the 19th. Stock market experts predicted an adjustment after the start of the decline due to a rise in US 10-year Treasury bond rates, a fall in oil prices, and worsening US-China relations.
As of 9:08 am on the day, the KOSPI index is recording 3030.32, down 35.69 points (1.16%) from the previous trading day.
The index continued its bearish trend starting at 3063.01, down 3.00 points (-0.10%) from the battlefield.
Individuals bought 202.6 billion won worth, but foreigners and institutions sold 50.3 billion won and 1409 billion won respectively.
By industry, chemicals (-1.87%), medical precision (-1.59%), textiles and clothing (-1.45%), steel and metals (-1.67%), and service industries (-1.48%) fell.
Most of the top stocks by market capitalization are weak. Samsung Electronics (-0.97%), SK Hynix (-2.82%), NAVER (-1.49%), LG Chem (-2.67%), and Hyundai Motors (-1.71%) are on the decline. On the other hand, SK Bioscience, on the second day of listing, is showing a 5% increase.
Seo Sang-young, a researcher at Kiwoom Securities, said, “When global countries today announced that they would raise or accelerate policy rates due to inflationary burdens, the US 10-year Treasury bond rate recorded 1.75%. This has a negative impact on the domestic stock market. I will give it to you.”
At the same time, the KOSDAQ index is recording 939.47, down 10.36 points (1.09%) from the previous trading day.
Individuals and institutions sold 25.3 billion won and 5.7 billion won, respectively, but foreigners bought 33.2 billion won.