KOSPI Falls Over 1% Due to Foreign and Institutional 'Selling'... KOSDAQ Rises

[Asia Economy Reporter Minji Lee] The KOSPI is showing a decline of over 1% as foreign and institutional investors increase their selling volume.

As of 2 PM on the 11th, the KOSPI stood at 2170.32, down 1.16% (25.37 points) from the previous session. In the current market, foreigners and institutions sold stocks worth 185.6 billion KRW and 777.1 billion KRW respectively. Individual investors alone bought stocks worth 939.3 billion KRW.

Among the top market capitalization stocks, Samsung Electronics and SK Hynix fell by 2.71% and 2.64%, trading at 53,900 KRW and 88,400 KRW respectively. Samsung Biologics (6.53%), Celltrion (7.45%), LG Chem (4.89%), Samsung SDI (0.78%), and Kakao (0.76%) rose.

Seosangyoung, a researcher at Kiwoom Securities, said, “Stocks related to untact services with expected earnings improvements are likely to show strength,” adding, “Although foreigners’ net futures purchases have cumulatively reached an all-time high, the difference between futures prices and spot prices is negative, which may lead to spot selling.”

Meanwhile, at the same time, the KOSDAQ index is on the rise. The KOSDAQ index traded at 759.16, up 0.07% (0.54 points) from the previous session. Currently, individual investors bought stocks worth 185.9 billion KRW, while foreigners and institutions sold stocks worth 70.9 billion KRW and 88.2 billion KRW respectively.

Among the top market capitalization stocks, Celltrion Healthcare traded at 106,600 KRW, up 5% from the previous session. Celltrion Pharm (0.60%), Seegene (1.65%), Pearl Abyss (3.44%), and EcoPro BM (2.73%) also rose.

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