[Edaily Reporter Park Jung-Soo ] The KOSPI turned higher and surpassed the 9,100 mark despite difficulties in the U.S.-Iran peace talks.
According to MP Doctor on the 22nd, as of 9:42 a.m., the KOSPI is trading at 9,114.84, up 0.69% (62.42 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 continuing.
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.”
In the stock market, foreign investors are selling 1.3028 trillion won worth of shares, while retail and institutional investors are showing net buying of 1.0177 trillion won and 261.9 billion won, respectively. Program trading, combining arbitrage and non-arbitrage trades, shows a net sell of 1.1714 trillion won.
By sector, retail is up more than 3%, while healthcare and precision instruments are recording gains in the 2% range. Electrical and electronics, electricity and gas, non-metals, and construction are also trending higher. In contrast, insurance is down by around 4%, and securities are recording losses in the 3% range. Transportation equipment and parts, textiles and apparel, and pharmaceuticals are down by around 2%.
Among the top market-cap stocks, declines are predominant: Samsung Life Insurance(032830)is down by around 4%, while HyundaiMotor(005380) and HD HYUNDAI HEAVY INDUSTRIES(329180) are down by more than 3%. SAMSUNG BIOLOGICS(207940)is down by around 2%, and SamsungElectronics(005930) and DOOSAN ENERBILITY(034020) are down by more than 1%. On the other hand, SAMSUNG C&T CORPORATION(028260)is up by around 6%, and SKSQUARE(402340)is up by more than 5%. SK hynix(000660)is recording a gain of around 2%.
The KOSDAQ market is currently at 977.26, up 1.10% (10.67 points) from the previous trading day. Among the top market-cap stocks, gains are predominant, with PSK INC.(319660)rising more than 16%, and FADU INC.(440110) and WONIK IPS Co.,Ltd.(240810) rising in the 8% range.