Korean Stock Market Shows Resilience Despite Weakness in New York Stock Market
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korocamia@naver.com | 2025-02-25 11:23:30
The KOSPI is showing a resilient performance despite the downturn in the New York stock market. In the early trading session on the 25th, the KOSPI, which had fallen by more than 1%, narrowed its decline to the 0.2% level. With active purchases by individuals, Samsung Electronics Co., Ltd. turned to rise.
As of 10:54 am on this day, the KOSPI is trading at 2639.09, down 6.18 points (0.23%) from the previous day. Immediately after the market opened, the decline widened to 1.06%, but a recovery trend appeared after the Bank of Korea announced at around 10 am that it had lowered the base interest rate by 0.25% points at the Monetary Policy Committee meeting.
Individuals are defending the index by buying 358.8 billion won worth of stocks in the securities market. Foreigners and institutions are selling 223.8 billion won and 163.9 billion won worth, respectively. However, the scale of foreigners' net selling of KOSPI 200 futures contracts was reduced from over 180 billion won in the early trading session to 66.2 billion won.
Most of the top stocks by market capitalization are falling.
SK Hynix Inc. is trading around the 200,000 won mark, down more than 2%. On the other hand, Samsung Electronics Co., Ltd. turned to rise and is trading at 57,600 won, up 0.52%.
Samsung Biologics Co., Ltd. is rising 3.74%, and Hanwha Aerospace Co., Ltd. is rising 2.7%.
On the other hand, LG Energy Solution Ltd. is falling 2.46%, and Hyundai Motor Co. and Kia Corp. are falling 1.93% and 1.05%, respectively.
The KOSDAQ is trading at 772.79, down 0.54 points (0.07%) from the previous day. In this market as well, individuals are buying 129.5 billion won worth of stocks, and foreigners and institutions are selling 68.3 billion won and 59 billion won worth, respectively.
Most of the top stocks by market capitalization in the KOSDAQ are rising. Alteogen Inc. is up 1.96%, HLB Co., Ltd. is up 0.57%, and Hugel Inc. is up 2.44%. On the other hand, secondary battery stocks EcoPro Co., Ltd. and EcoPro BM Co., Ltd. are falling 3.76% and 3.35%, respectively.
In the Seoul foreign exchange market, the won/dollar exchange rate is trading at 1430 won per dollar, down 0.5 won (0.3%) from the previous day.
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