'Cautious Sentiment Over Failed US-China Summit' KOSPI Fluctuates Around 3,800 [fn Morning Market Briefing]

[Financial News] The Korea Composite Stock Price Index (KOSPI) started the day with caution following the failure of the US-China summit, fluctuating around the 3,800 mark on the 22nd.
As of 10 a.m., the KOSPI was trading at 3,798.83, down 0.65% from the previous session. The index opened at 3,827.23, up 0.09% from the previous close, but has since turned weaker.
On the main board, foreign investors and institutions are net sellers of 297.2 billion KRW and 200.6 billion KRW, respectively, while individual investors are net buyers of 494.2 billion KRW.
Overnight, the New York Stock Exchange (NYSE) closed with mixed results across the three major indices.
On the 21st (US Eastern Time) at the NYSE, the Dow Jones Industrial Average (DJIA) ended at 46,924.74, up 0.47% from the previous session. The S&P 500 Index (S&P 500) closed at 6,735.35, unchanged, while the NASDAQ Composite Index (NASDAQ Composite), focused on technology stocks, fell 0.16% to 22,953.67. This movement is attributed to US President Donald Trump raising the possibility that the summit with China may not take place.
The Philadelphia Semiconductor Index (SOX) also declined, and both Samsung Electronics and SK hynix, which had reached all-time highs the previous day, are down by over 1%. Samsung Electronics is trading at 95,800 KRW, down 1.74%, and SK hynix is at 469,500 KRW, down 1.98%. Among other large-cap stocks, LG Energy Solution (up 3.43%), Samsung Biologics (up 1.75%), and Hanwha Aerospace (up 2.77%) are rising, while Doosan Enerbility (down 3.00%) is falling.
By sector, chemicals (up 1.87%), transportation and storage (up 1.53%), and pharmaceuticals (up 0.81%) are gaining, while securities (down 2.47%), machinery and equipment (down 1.94%), and construction (down 1.80%) are declining.
At the same time, the Korean Securities Dealers Automated Quotations (KOSDAQ) index is at 868.27, down 0.48% from the previous session.
On the KOSDAQ market, foreign investors and institutions are net sellers of 140.7 billion KRW and 39 billion KRW, respectively, while individuals are net buyers of 183.8 billion KRW.
Among the top market cap stocks, EcoPro is showing a strong performance with a gain of over 12%.

elikim@fnnews.com Kim Mi-hee Reporter