KOSPI Opens Lower at 2027.90 Amid Foreign and Institutional Selling Pressure

[Asia Economy Reporter Minji Lee] The KOSPI opened lower due to selling pressure from foreign and institutional investors.

At 9:05 a.m. on the 27th, the KOSPI was at 2026.99, down 0.14% (2.79 points) from the previous session. The index started the day at 2027.90, down 0.09% (1.88 points) from the previous close.

In the Korea Stock Exchange, foreigners and institutions sold stocks worth 47.5 billion KRW and 84 billion KRW respectively. On the other hand, individual investors bought stocks worth 132.2 billion KRW alone. By sector, transportation and warehousing (2.34%), textiles and apparel (1.57%), banking (0.79%), and construction (0.73%) showed the highest gains.

Most of the large-cap stocks were in decline. Samsung Electronics traded at 48,900 KRW, down 0.71% from the previous session. SK Hynix (-0.85%), Samsung Biologics (-0.93%), Naver (-2.72%), LG Chem (-1.21%), Celltrion (-0.47%), and Samsung SDI (-1.42%) also fell.

Sangyoung Seo, a researcher at Kiwoom Securities, said, “The fact that the U.S. stock market continued its upward trend is favorable for the domestic market. However, factors such as expectations for economic reopening and China’s stimulus policies were already priced into the market yesterday, so a process of digesting selling pressure is expected.”

The KOSDAQ index was at 729.43, up 0.04% (0.32 points) from the previous session. The index started the day at 728.06, down 0.11% (0.85 points). In the KOSDAQ market, individual investors alone bought stocks worth 45.4 billion KRW, while institutions and foreigners sold stocks worth 8 billion KRW and 37.2 billion KRW respectively.

By sector, metals (2.09%), telecommunication services (1.71%), and construction (0.77%) showed upward trends. Among the large-cap stocks, Alteogen (5.36%), Seegene (0.35%), CJ ENM (0.34%), KMH (2.49%), and Studio Dragon (1.15%) rose.

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