KOSPI opened nearly 3% lower due to the impact of weak U.S. markets but has slightly reduced its losses thanks to early buying by individual investors.
As of 9:07 a.m. on September 2, the KOSPI index was down 192.47 points (2.82%) at 6,643.33. The index started at 6,625.47, down 210.33 points (3.08%) from the previous trading day, before slightly recovering.
In the securities market, individual investors have made a net purchase of 521.7 billion won. In contrast, foreign and institutional investors sold a net 304.5 billion won and 238.6 billion won, respectively, contributing to the index's decline.
Major stocks are all in the red. Samsung Electronics is trading at 252,000 won, down 3.45% from the previous day, while SK Hynix has fallen 3.72% to 1,630,000 won. Other declining stocks include SK Square (-4.12%), Samsung Electro-Mechanics (-3.43%), LG Energy Solution (-1.63%), Hyundai Motor (-2.62%), Samsung Biologics (-1.78%), Samsung C&T (-2.69%), and KB Financial Group (-1.05%).
At the same time, the KOSDAQ index is down 24.91 points (3.03%) at 796.34, having started at 802.80, down 18.45 points (2.25%).
In the KOSDAQ market, individual investors have made a net purchase of 30.3 billion won, while foreign and institutional investors sold a net 16.1 billion won and 15.8 billion won, respectively.
Top KOSDAQ stocks are also experiencing declines. Notable drops include Alteogen (-1.99%), EcoPro (-3.44%), EcoPro BM (-2.93%), Rainbow Robotics (-2.89%), JUSUNG Engineering (-1.39%), Wonik IPS (-1.00%), Rino Technology (-2.60%), EoTechnics (-1.14%), SimTec (-1.04%), and HLB (-3.67%).
Overnight, renewed clashes between the U.S. and Iran led to declines across all three major U.S. stock indices. The Dow Jones Industrial Average fell by 0.79%, the S&P 500 dropped by 0.71%, and the Nasdaq Composite decreased by 1.03%.
However, there is potential for a partial recovery during the trading day as bargain-hunting may emerge. Han Ji-young, a researcher at Kiwoom Securities, stated, "Today, the domestic market is expected to open lower due to concerns over rising oil prices and interest rates, as well as a 3% decline in KOSPI 200 futures overnight. However, we anticipate that the market will respond to factors such as the influx of bargain-hunting and the strong earnings surprise from Dell, which saw a 6% surge in after-hours trading due to robust AI server sales, thereby reducing its losses throughout the day."
* This article has been translated by AI.
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