The Kospi, the main indicator of the Seoul Stock Exchange, fell 0.48% on Monday in the first session of the year, as there was no special boost in the South Korean market as the Asian and US stock markets remained closed.
The South Korean benchmark fell 10.37 points to 2,225.67 integers, while the technology index Kosdaq It fell 7.78 points, or 1.15%, to 671.51.
The selective opened lower today in the first session of the year, with the chip and battery sector dragging the entire market, in addition to weak predictions for Asia’s fourth largest economy, which worsened the mood of investors.
The value with the greatest weight in the selective, the technological giant Samsung Electronics, gained 0.36% today, and the second largest global memory chip maker, SK Hynix, advanced 0.93%.
The company behind the most widely used South Korean search engine, Naver (KS:035420), rose 1.13%, and the owner of the country’s most popular instant messaging app, Kakao, depreciated 0.75%.
The biopharmaceutical Samsung Biologics and Hyundai Motor, the largest domestic vehicle manufacturer, advanced today by 0.73% and an important 3.97%, respectively.