KOSPI falls to 2% range amid escalating US-Iran conflict [fn Morning Market Report]

[Financial News] The KOSPI is down in the 2% range as international oil prices surge due to the deepening conflict between the U.S. and Iran. Foreign and institutional investors are each pouring out sell orders worth over 1 trillion won.
According to the Korea Exchange on the 11th, as of 10:10 a.m., the KOSPI is trading at 6,861.54, down 172.38 points (2.45%) from the previous day. The index started the day at 6,802.50, down 3.29% from the previous day, but narrowed its losses in the early trading session, at one point touching 6,896.32 (-1.96%).
In the securities market, individuals are net buying 1.8978 trillion won, while foreigners and institutions are net selling 1.0678 trillion won and 1.1675 trillion won, respectively.
By sector, electricity and gas (1.16%), construction (0.94%), and entertainment and culture (0.49%) are strong, while electrical and electronics (-3.45%), manufacturing (-2.94%), and chemicals (-2.31%) are weak.
Among the top market capitalization stocks, KB Financial (1.61%), HD Hyundai Heavy Industries (1.43%), and Shinhan Financial Group (1.27%) are on the rise, while Samsung Electronics Preferred (-4.85%), SK (-4.90%), and SK Square (-4.85%) are on the decline.
The two leading major semiconductor stocks are also showing a decline in the 3% range. Samsung Electronics is trading at 259,500 won, down 9,500 won (3.53%) from the previous day, and SK Hynix is ​​trading at 1,785,000 won, down 68,000 won (3.67%) from the previous day.
At the same time, the KOSDAQ is trading at 821.73, down 15.19 points (1.81%) from the previous day. Individual investors are buying 270.3 billion won, while foreign and institutional investors are selling 219.5 billion won and 49.9 billion won, respectively.
"The U.S. 10-year Treasury yield entered the 4.9% range following the U.S. Treasury Department's slowdown in buyback volume and the August headline PPI exceeding consensus," explained Han Ji-young, a researcher at Kiwoom Securities. "The U.S. stock market closed lower for the fourth consecutive trading day due to the pressure of WTI exceeding $100, stemming from concerns over Saudi Arabia's August crude oil production cuts and shipping disruptions in the Middle East."

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