KOR
▲ The status board at the dealing room of Hana Bank in Jung-gu, Seoul, displays international oil prices on the 11th. The KOSPI opened lower following declines across all three major U.S. stock indices, weighed down by surging international oil prices and interest rates. (Photo: Yonhap News)
The KOSPI is dropping more than 2 percent intraday today (the 11th) due to pressures from oil prices and interest rates.
According to the Korea Exchange and Yonhap Infomax, as of 11:00 a.m. today, the KOSPI stands at 6,859.54, down 174.38 points (2.48%) from the previous trading day.
The index started the session down 231.42 points (3.29%) at 6,802.50 and has been fluctuating in the 6,800 range.
In the KOSPI market, individual investors are maintaining a net buying streak for the second consecutive day, purchasing a net 1.7113 trillion won.
On the other hand, foreign and institutional investors are net sellers, offloading 1.2463 trillion won and 1.0595 trillion won, respectively.
Other corporations are net buyers at 583.7 billion won.
The index is trending downward under the burden of rising international oil prices and global interest rates.
At the same time, Brent crude futures are trading at $107.95 per barrel, while West Texas Intermediate (WTI) is trading at $102.76.
The yield on 10-year U.S. Treasury bonds is nearing 5% at 4.97%, and the interest rate on 3-year Korean Treasury bonds also surpassed 4.0% during trading.
Among large-cap stocks, Samsung Electronics (-4.09%), SK Hynix (-3.89%), SK Square (-5.20%), and Samsung Electro-Mechanics (-0.50%) are declining, while KB Financial (1.85%), Doosan Enerbility (0.11%), and Hanwha Aerospace (0.89%) are rising.
By sector, construction (1.97%), electric and gas (1.40%), and general services (0.86%) are up, whereas electrical and electronics (-3.58%), manufacturing (-2.98%), and chemicals (-2.05%) are down.
At the same time, the KOSDAQ index is down 13.88 points (1.66%) from the previous session at 823.04.
The index opened down 20.01 points (2.39%) at 816.91 and has been showing a decline of 1 to 2 percent.
Among top market-cap shares, most are falling, including Alteogen (-3.43%), EcoPro (-3.45%), and EcoPro BM (-5.48%).
(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.
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