Korean Stock Market Conditions - 08/18/2017

Korean Stock Market Conditions - 08/18/2017

Downtrend Most drop in stocks after departure

▣ Closing day (August 18 at 3:37 pm)

◈ Index Trend
 -. KOSPI 2358.37p -3.30 (-0.14%)
 -. Futures 309.05p -0.20 (-0.06%)
 -. KOSDAQ 643.58p +1.47 (+ 0.23%)

◈ Trends in Kospi by investor
 -. Foreigner -21.7 billion / Institution -64.9 billion / Individual 59.6 billion / Program -128.8 billion

 -. The New York stock market closed at -1% to -2% on the back of President Trump's policy uncertainty and concerns over Spain's terrorism. The announced economic indicators are relatively good

 -. Domestic stocks started to decline in full swing, but most of the stock market recovered, KOSPI weak and KOSDAQ closed strong. KOSDAQ Continued Plus Day on Day 4

 -. KOSPI has continued to sell programs, while institutional net sales and foreign net buyers have closed. Despite the sluggish supply / demand balance, the pace of decline continued due to pension funds and individual purchases.

 -. KOSDAQ closed net buying by foreigners. Institutional net sales are not so large, and are affected by foreign trading.

 -. By industry, medical precision, machinery, and nonmetallic minerals showed uptrend, while telecom, construction, and textile apparel finished down

◈ Telecom stocks fall on government telecom contract rate cuts
 -. SK Telecom (-1.52%), KT (-1.52%), LG U + (-0.67%),

◈ Hydrogen-related stock rises on news of autonomous development of hydrogen electric car
 -. (+ 4.75%), Jiwon Controls (+ 12.73%), Iljin Diamond (+ 4.55%) and New Ross (+ 1.91%)

◈ Impacts such as Kumho Tire's failure to sell off, overall decrease in tire stock
 -. Hankook Tire Worldwide (-1.43%), Nexen Tire (-0.38%), Kumho Tires (-5.23%) and Hankook Tire (-2.09%

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