KOSPI Slightly Lower Due to Net Selling by Institutions and Foreigners... KOSDAQ Slightly Higher

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[Asia Economy Reporter Eunmo Koo] The KOSPI is showing a slight decline in the early session due to net selling by institutions and foreigners. In contrast, the KOSDAQ index is showing a firm rise, continuing its upward trend for the fifth consecutive trading day.

On the 12th, the KOSPI opened at 1938.62, up 3.22 points (0.17%) from the previous trading day. Although the KOSPI started higher, it quickly turned downward after the market opened, showing a slight decline. As of 9:20 a.m., it was at 1926.87, down 8.53 points (0.44%) compared to the previous day.

The previous day, the KOSPI closed at 1935.40, down 0.54% from the previous day, amid concerns over a resurgence of COVID-19. The index initially rose due to the anticipation of a U.S. employment shock and easing U.S.-China tensions, which boosted advanced markets. However, as domestic COVID-19 cluster infections surged, concerns about a resurgence intensified, leading to a contraction in investor sentiment. Institutions and foreigners sold net positions, causing the index to fall.

Overnight, major indices on the New York Stock Exchange (NYSE) showed mixed results despite concerns about a COVID-19 resurgence, as major tech stocks continued to perform strongly. On the 11th (Eastern Time), the Dow Jones Industrial Average closed at 24,221.99, down 109.33 points (0.45%) from the previous day. The Standard & Poor's (S&P) 500 index rose slightly by 0.39 points (0.01%) to 2930.19, while the tech-heavy Nasdaq index closed up 71.02 points (0.78%) at 9192.34.

Sangyoung Seo, a researcher at Kiwoom Securities, commented, “Considering concerns about a COVID-19 resurgence, Peter Navarro’s claim that China should be held responsible for COVID-19, President Donald Trump’s statement after the U.S. market close that he is not interested in trade renegotiations, and weak Apple component stocks, there is a high possibility of selling pressure.”

Looking at the current trading trends by participant, institutions and foreign investors are net sellers of 81.4 billion KRW and 25.5 billion KRW, respectively. In contrast, individual investors are net buyers of 109 billion KRW.

By sector, service industries, telecommunications, and transportation and warehousing are rising, while banking, electric and gas utilities, and transportation equipment are falling.

Among the top market capitalization stocks, NAVER, SK Telecom, Celltrion, Kakao, and NCSoft are rising. Conversely, LG Chem, Samsung SDI, Samsung C&T, and Hyundai Motor are declining.

Currently, in the KOSPI market, 322 stocks are rising without any hitting the upper limit, 472 stocks are falling without any hitting the lower limit, and 92 stocks are unchanged.

The KOSDAQ index is slightly up, continuing its recent upward momentum. It opened at 687.48, up 2.44 points (0.36%) from the previous day, and is showing a firm rise in the early session. As of 9:20 a.m., it was at 686.93, up 1.89 points (0.28%) from the previous day.

Regarding current supply and demand, similar to the KOSPI, institutions and foreigners are net sellers of 2.2 billion KRW and 5.7 billion KRW, respectively. Meanwhile, individual investors are net buyers of 10.1 billion KRW.

By sector, software, telecommunication services, and digital content are rising, while transportation equipment and parts, publishing and reproduction, and information devices are falling.

Among the top market capitalization stocks, Genexine, Mezzion, Seegene, Pearl Abyss, Wonik IPS, and Celltrion Pharm are rising. Conversely, HLB and Alteogen are declining.

Currently, in the KOSDAQ market, 636 stocks are rising without any hitting the upper limit, 518 stocks are falling without any hitting the lower limit, and 142 stocks are unchanged.

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