The KOSPI opened slightly lower on June 26, reflecting mixed signals from U.S. stock indices and profit-taking following two days of gains, which limited upward momentum.
According to the Korea Exchange, as of 9:11 a.m., the KOSPI was trading at 8,760.67, down 169.63 points (1.90%) from the previous trading day. The index started the day at 8,813.18, down 117.12 points (1.31%).
At this time, individual investors were net buyers, purchasing 1.1298 trillion won, while institutions and foreign investors sold 1.0588 trillion won and 72.2 billion won, respectively.
Among the top market capitalization stocks, most were declining, with the exception of Samsung Electro-Mechanics (up 5.31%) and Samsung C&T (up 0.10%). Notable declines included SK Square (-5.69%), Doosan Enerbility (-3.53%), Hyundai Motor (-2.98%), SK Hynix (-2.09%), HD Hyundai Heavy Industries (-2.06%), Samsung Electronics (-1.81%), Samsung Biologics (-1.30%), LG Energy Solution (-0.99%), Samsung Life (-0.89%), and SK (-0.82%).
Han Ji-young, a researcher at Kiwoom Securities, stated, "The domestic market is expected to open lower due to the mixed performance of the U.S. market and short-term profit-taking pressure following the previous day's surge. The market may experience volatility due to a concentration of leading stocks and bargain hunting for neglected stocks, resulting in limited index movement."
At the same time, the KOSDAQ index was trading at 866.53, down 21.28 points (-2.40%). It opened at 884.43, down 3.38 points (0.38%). Unlike the KOSPI, it closed the previous day down 21.50 points (2.36%).
In the KOSDAQ market, individual and institutional investors were net buyers of 63.3 billion won and 22.6 billion won, while foreign investors sold 87.1 billion won.
Most of the top KOSDAQ stocks were also declining, with the exceptions of Wonik IPS (up 3.81%) and IoTech (up 1.05%). Stocks such as EcoPro BM (-4.24%), Rainbow Robotics (-3.88%), Samchundang Pharm (-3.29%), Kolon TissueGene (-3.09%), Alteogen (-2.93%), EcoPro (-2.65%), Rino Industry (-2.37%), ABL Bio (-1.68%), HLB (-1.53%), Rigakem Bio (-0.64%), and JUSUNG Engineering (-0.30%) were all down.
Meanwhile, the New York stock market also faced pressure from declines in major technology stocks like Apple and NVIDIA, which limited index gains. On June 25 (local time), the Dow Jones Industrial Average rose 71.72 points (0.14%) to close at 51,920.62. The S&P 500 index fell 0.73 points (0.01%) to 7,357.49, while the Nasdaq Composite dropped 118.04 points (0.46%) to finish at 25,358.60.
* This article has been translated by AI.
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