[Edaily Reporter Park Jung-Soo ] The KOSPI opened lower amid difficulties in the U.S.-Iran peace talks.
According to MP Doctor on the 22nd, as of 9:11 a.m., the KOSPI is trading at 8,929.25, down 1.36% (123.17 points) from the previous trading day.
Although the U.S. and Iran began talks in Switzerland on the 21st (local time) to sign a peace agreement, the negotiations do not appear to be proceeding smoothly. A situation arose in which the Iranian delegation walked out of the negotiations in protest after U.S. President Donald Trump threatened to attack Iran again if it failed to stop the pro-Iranian militant group Hezbollah. However, it is reported that informal discussions to bring both sides back to the negotiating table are ongoing.
Han Ji-young, an analyst at KIWOOM Securities, advised, “The KOSPI is expected to continue its volatile trend this week,” adding, “However, as the market still appears to be focused on the ceasefire, it is appropriate to view any news related to war fears that emerges during the week as mere noise.”
While foreign investors are selling 7655억 won worth of stocks on the KOSPI market, retail and institutional investors are showing net buying of 7098억 won and 363억 won, respectively. Program trading shows a net sell of 6503억 won, combining arbitrage and non-arbitrage trades.
With declining sectors dominating the market, insurance stocks are down more than 4%, and securities stocks are falling in the 3% range. Following these, transportation and warehousing, as well as transportation equipment and parts, are down more than 2%, while pharmaceuticals, textiles and apparel, entertainment and culture, and food, beverages, and tobacco are showing declines in the 1% range. In contrast, the retail sector is up in the 4% range, and medical and precision equipment sectors are showing slight gains.
Among the top market-cap stocks, declines are also predominant, with Samsung Life Insurance(032830)down by over 6% and HyundaiMotor(005380)falling by more than 3%. SAMSUNG BIOLOGICS(207940)is down by about 2%, while SamsungElectronics(005930), HD HYUNDAI HEAVY INDUSTRIES(329180), DOOSAN ENERBILITY(034020), and SamsungElectroMechanics(009150) are all recording declines in the 1% range. On the other hand, SAMSUNG C&T CORPORATION(028260)is up by over 6%, and HANWHA AEROSPACE(012450) and SKSQUARE(402340) are rising by more than 2%.
The KOSDAQ market is currently at 976.01, up 0.97% (9.42 points) from the previous trading day. Among the top-market-cap stocks, gains are predominant, with PSK INC.(319660)rising more than 11% and FADU INC.(440110)climbing in the 7% range. WONIK IPS Co.,Ltd.(240810) and EO Technics Co., Ltd.(039030) are recording gains in the 4% range.