KOSPI, Strong Consolidation with US Breeze... KOSDAQ Up 1.8% [fn Morning Market]

[Financial News] The KOSPI index is showing strength in the early session on the 25th. It is interpreted that the dovish remarks by Jerome Powell, Chairman of the US Federal Reserve, and expectations for the Korea-US summit are being reflected.
As of 9:40 a.m. on this day, the KOSPI index is trading at 3192.64, up 0.75% from the previous trading day. On this day, the KOSPI started at 3195.14, up 0.83% from the previous session.
In the stock market, individuals are net buying 72.1 billion won worth. On the other hand, foreigners and institutions are net selling 54.5 billion won and 25.7 billion won worth, respectively.
It is interpreted that a breeze is blowing in the domestic stock market as the US stock market rose sharply following Powell's remarks on interest rate cuts. On the 22nd (local time), Powell, the Fed Chairman, hinted at the possibility of adjusting interest rate policy in his keynote speech at the Jackson Hole Symposium, stating that the job market is contracting faster than the price increase due to tariffs. As a result, the Dow Jones Industrial Average rose 1.89%, the Standard & Poor's (S&P) 500 index rose 1.52%, and the Nasdaq index rose 1.88% in the New York stock market.
Also, expectations for the Korea-US summit seem to be partially reflected.
Among the top market capitalization stocks, SK Hynix (2.59%), LG Energy Solution (2.45%), and Hanwha Aerospace (1.01%) are on the rise. On the other hand, Samsung Electronics (-0.28%), Hyundai Motor (-0.45%), and HD Hyundai Heavy Industries (-0.52%) are falling.
By industry, machinery (3.33%), electrical products (2.57%), biotechnology (2.49%), and display panels (2.49%) are strong. On the other hand, shipbuilding (-0.86%), auto parts (-0.55%), and non-life insurance (-0.46%) are weak.
At this time, the KOSDAQ index is trading at 797.16, up 1.87% from the previous session. In the KOSDAQ market, foreigners and institutions are net buying 114.6 billion won and 15.5 billion won worth, respectively. On the other hand, they are selling 116.9 billion won worth.



hippo@fnnews.com Kim Chan-mi Reporter