KOSPI Weakens Below 2200 Amid Institutional Selling Pressure

[Image source=Yonhap News]

[Asia Economy Reporter Park Jihwan] The KOSPI is showing weakness around the 2200 level, driven by institutional selling pressure.

On the 7th, the KOSPI opened at 2221.49, down 6.45 points (0.29%) from the previous trading day (2227.94). As of 9:29 AM, it was recording 2208.42, down 18.58 points (0.83%) compared to the previous day.

By investor type, individuals and foreigners were net buyers of 70.7 billion KRW and 15.4 billion KRW respectively, while institutions were net sellers of 94.1 billion KRW.

By sector, most sectors showed declines, including Non-metallic Minerals (-0.14%), Pharmaceuticals (-0.83%), and Electric and Gas Utilities (-0.18%).

Among the top 10 market capitalization stocks, Samsung Electronics (-1.15%), SK Hynix (-0.90%), and Samsung Biologics (-0.96%) declined, while Naver (2.75%) and LG Chem (0.13%) rose.

The KOSDAQ index opened at 673.11, up 0.42 points (0.06%) from the previous trading day (672.69). However, it later turned downward and as of the same time, the index was at 669.09, down 3.52 points.

By investor type, individuals were net buyers of 69.0 billion KRW, while foreigners and institutions were net sellers of 45.3 billion KRW and 23.6 billion KRW respectively.

By sector, most sectors showed declines, including Entertainment and Culture (-0.54%), Telecommunications and Broadcasting Services (-0.73%), Internet (-0.73%), and Telecommunications Equipment (-0.88%).

Among the top 10 market capitalization stocks, all stocks declined, including Celltrion Healthcare (-0.85%), HL Biopharma (-1.63%), and Medytox (-1.24%).

This content was produced with the assistance of AI translation services.