KOSPI Falls to 2180 Level on Institutional and Foreign Selling... KOSDAQ at 760 Level

[Image source=Yonhap News]

[Asia Economy Reporter Koo Eun-mo] The KOSPI index has temporarily stalled, dropping to the 2180 level due to simultaneous selling by institutional and foreign investors. In contrast, the KOSDAQ index has continued its recent upward trend, rising to the 760 level.

On the 11th, the KOSPI opened at 2184.36, down 11.33 points (0.52%) from the previous trading day. The KOSPI, which started lower, retreated to the 2180 level amid net selling by institutional and foreign investors. As of 9:40 a.m., it was at 2186.03, down 9.66 points (0.44%) compared to the previous day.

Overnight, major indices on the New York Stock Exchange (NYSE) showed mixed results despite the Federal Reserve (Fed) indicating it would maintain near-zero interest rates for an extended period. On the 10th (local time), the Dow Jones Industrial Average closed at 26,989.99, down 282.31 points (1.04%) from the previous day. The Standard & Poor's (S&P) 500 index fell 17.04 points (0.53%) to 3,190.14, while the tech-heavy Nasdaq index rose 66.59 points (0.67%) to close at 10,020.35.

Seo Sang-young, a researcher at Kiwoom Securities, said, "Like the U.S. stock market, the Korean market will show differentiated movements by individual stocks," adding, "Stocks related to untact (contactless) sectors with expected earnings improvements are likely to show strength." He continued, "Considering today is the futures and options expiration day, the index direction could be determined by foreign investors' futures trends, so attention is needed. Foreigners have been net buyers of futures on a cumulative basis, reaching record highs, but the market basis is at -0.40 points, which could lead to spot selling."

Looking at the current trading trends by participant, institutional and foreign investors are net sellers of 195.1 billion KRW and 41.7 billion KRW respectively. In contrast, individual investors are net buyers of 229.4 billion KRW.

By sector, pharmaceuticals and service industries are rising, while banks, insurance, and financial sectors are falling.

Among the top market capitalization stocks, Celltrion, LG Chem, Samsung Biologics, Kakao, and NAVER are rising. Meanwhile, Hyundai Motor, Hyundai Mobis, Samsung C&T, SK Hynix, and Samsung Electronics are declining.

Currently, in the KOSPI market, 312 stocks are rising, including one hitting the upper price limit, 507 stocks are falling with no stocks hitting the lower price limit, and 78 stocks are unchanged.

Unlike the KOSPI, the KOSDAQ index continues its upward momentum from the previous day. It opened at 760.07, up 1.45 points (0.19%) from the previous trading day, and is increasing its gains in the early session due to net buying by individual investors. As of 9:40 a.m., it stands at 763.70, up 5.08 points (0.67%) from the previous day.

Regarding current supply and demand, individual investors are net buyers of 105.6 billion KRW, while institutional and foreign investors are net sellers of 52.4 billion KRW and 42.7 billion KRW respectively.

By sector, distribution, pharmaceuticals, and general electric and electronics are rising, while transportation equipment and parts, other manufacturing, and non-metal sectors are falling.

Among the top market capitalization stocks, Celltrion Healthcare, Genexine, EcoPro BM, Helixmith, and Seegene are rising. Conversely, HLB, Alteogen, KMW, and SK Materials are declining.

Currently, in the KOSDAQ market, 559 stocks are rising, including one hitting the upper price limit, 628 stocks are falling with no stocks hitting the lower price limit, and 120 stocks are unchanged.

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