KOSPI 2.43% decline, KOSDAQ weak amid ETF interest
10morning, domestic stocks opened lower. KOSPI opened 2.43% lower at 7,899.77, while KOSDAQ opened 0.95% lower at 958.58. The won-dollar exchange rate rose by 1,525.0won to 12.9won, while semiconductor, robotics, and 2secondary-battery-themed KOSDAQ growth-stock ETFs are being launched one after another.
10morning, domestic stocks opened lower. The indices weakened during the morning session, and investors were focused on volatility. Trading was active as foreign-exchange market developments and individual product news emerged simultaneously. Intraday figures are values confirmed as of the market opening.
The KOSPI market opened 2.43% lower at 7,899.77. Most sectors were lower in the early trading session. The number of declining stocks exceeded the number of advancing stocks. Trading in the early session was driven mainly by investor preferences.
KOSDAQ opened 0.95% lower at 958.58. In the early session, small- and mid-cap technology and growth stocks showed mixed movements. Trading appeared concentrated in some sectors. Market participants approached the market after checking disclosures for individual stocks.
On the previous day, 9the KOSDAQ on the day 56.42points higher 967.81to close. The previous day's upward trend and the day's opening trend showed some differences. The previous day's closing price was recorded as a reference for judging declines and rebounds in the market. The previous day's trading results affected investor sentiment at the start of the day's session.
The won-dollar exchange rate was 1,525.0won, up by 12.9won. This exchange-rate figure is the opening benchmark for the Seoul foreign-exchange market. The exchange rate may change during the session. Foreign-exchange-related disclosures are compiled after the foreign-exchange market closes.
Asset managers are successively launching KOSDAQ growth-stock ETFs themed around semiconductors, robotics, and 2battery. The products are described as including semiconductor-equipment and robotics-related stocks, 2and battery-related stocks. The holdings and launch schedule for each product can be checked in disclosures by the asset managers. Investors should first check the disclosed holdings and the asset managers' prospectuses.