[Opening Market] KOSPI and KOSDAQ in a Tug-of-War over 5,400 and 700 Marks
On the morning of Nov. 12, the domestic stock market is engaging in a tight tug-of-war as short-term profit-taking from the recent two-day surge and supply and demand volatility on the November options expiration date overlap, despite the tailwind of a rebound in artificial intelligence (AI) related
On November 12, the South Korean domestic stock market, the KOSPI and KOSDAQ, engaged in a close battle over the 5,400 and 700 mark thresholds, respectively. Despite factors such as the rebound in artificial intelligence (AI) related stocks in the U.S. and the strength of the Philadelphia Semiconductor Index, the KOSPI managed to hold onto the 5,390 mark, while the KOSDAQ struggled to maintain its recent upward momentum.
The KOSPI opened at 5,385.93 points, gaining 0.20% from the previous day, while the KOSDAQ commenced trading at 700.88, experiencing a decline of 0.60% from the prior day.
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