'US-Korea Negotiation Caution' KOSPI Stalls at 3200.. KOSDAQ Declines [fn Morning Market]

[Financial News] The KOSPI index is showing limited movement at the 3200 level on the 28th. Market caution is evident ahead of trade talks between Deputy Prime Minister and Minister of Economy and Finance Koo Yoon-cheol and U.S. Treasury Secretary Scott Besant. If a trade agreement between Korea and the United States is not reached before the 1st of next month, it is inevitable that the export industry will be hit.
As of 10 a.m. on this day, the KOSPI is up 8.13p (0.25%) from the previous trading day to 3204.18. It started at 3228.61, up 32.56p (1.02%) from the previous session, then reduced its gains and remained flat.
In the stock market, foreigners and institutions are net buying approximately 33.4 billion KRW and 61.5 billion KRW, respectively. Individuals are showing a selling advantage of 102.5 billion KRW.
Among the top market capitalization stocks, Samsung Electronics is strong in the 2% range. It is rising by 2.88% on news of a contract to supply semiconductor foundry production worth a total of 22.7648 trillion KRW with global large companies. Hanwha Ocean (8.44%), HD Hyundai Heavy Industries (6.19%), and LG Energy Solution (5.64%) are also surging.
On the other hand, SK Hynix (-0.75%) is declining, and Hana Financial Group (-7.30%), KB Financial (-4.12%), and Shinhan Financial Group (-3.93%) are also all falling.
At the same time, the KOSDAQ index is down 2.05p (0.25%) from the previous session to 804.90. It opened at 811.26, up 0.53% from the previous trading day, but immediately turned downward.
elikim@fnnews.com Kim Mi-hee Reporter