Trump Surge Sends KOSPI Tumbling: Index Closes 13 Points Lower Amid Rising Election Odds
- With US President Trump winning, both KOSPI and KOSDAQ, which started higher, declined and ended lower.
- Earlier in the day, the US stock market said uncertainty had been resolved as the presidential election began, and all indices such as the Dow (+1.02%), S&P 500...
- However, after 12 p.m., when it was reported that Trump had the advantage, both KOSPI and KOSDAQ fell sharply and finally, KOSPI closed down 13.37 points (0.52%) at...
The KOSPI closed at 2563.51, down 13.37 points (0.52%).
The KOSDAQ closed down 8.50 points at 743.31 (1.13%).
With US President Trump winning, both KOSPI and KOSDAQ, which started higher, declined and ended lower.
Earlier in the day, the US stock market said uncertainty had been resolved as the presidential election began, and all indices such as the Dow (+1.02%), S&P 500 (+1.23%), and Nasdaq (+1.43%) rose simultaneously. When the domestic stock market opened on the 6th, the KOSPI opened with an increase of 15.02 points and the KOSDAQ 9.0 points.
However, after 12 p.m., when it was reported that Trump had the advantage, both KOSPI and KOSDAQ fell sharply and finally, KOSPI closed down 13.37 points (0.52%) at 2563.51 and KOSDAQ also closed at 743.31, down 8.50 points ( 1.13%).
In particular, secondary battery stocks, which were classified as Harris stocks, showed weakness, including LG Energy Solutions (-7.02%), Samsung SDI (-5.98%), POSCO Holdings (-5.01%), LG Chem (- 5.12%), and POSCO Future m. (-8.26%), etc. fell, dragging the index down.
On this day, foreigners sold a net 107.9 billion won in the stock market, and individuals and institutions bought a net 8.8 billion won and 50.4 billion won, respectively. The downtrend was upward with 325 stocks rising and 556 stocks falling. The average was 60 items.
Among stocks with the highest market capitalization, the ups and downs were tight, with 5 stocks among the top 10 stocks.
Samsung Electronics (-0.52%) closed lower at 57,300 won, but SK Hynix (+1.35%) closed higher at 195,800 won, leading to mixed sentiment.
Also, Samsung BioLogics (+1.79%), Celltrion (+0.22%), KB Financial Group (+3.30%), and Shinhan Financial Group (3.32%) rose, in addition to LG Energy Solutions, Hyundai Motor Company (+3.32%). -3.95%), stocks like Kia (-2.06%) and Samsung Electronics (-1.77%) closed lower as the odds of a Trump win rose.
The KOSDAQ also started to rise, as did the KOSPI, but turned lower as the results of the US presidential election were announced and ended up falling 1.13%.
Foreigners made net sales of 61.3 billion won, and individuals and institutions made net purchases of 29.3 billion won and 41.6 billion won, respectively. Downtrend prevailed, 497 stocks advanced and 1,110 stocks declined. The mean was 77 items.
KOSDAQ’s top stocks by market capitalization are closely matched, with 5 stocks rising, 4 stocks falling, and 1 stock remaining flat among the top 10 stocks.
Five stocks rose, including Alteogen (+2.76%), RigaChem Bio (+1.54%), and Hugel (+9.93%), while Ecopro BM (-8.63%), Ecopro (-7.61%), and HLB (-2.01%) % ), Samchundang Pharmaceutical (-3.28%), etc. fell, and Enchem ended the day flat.