KOSPI Falls Over 1% Despite Individual Investors' Net Buying of 1 Trillion Won

June Gift and Option Simultaneous Expiration Day,
Foreigners Maintain Net Selling in Spot Market
Concerns Over Economic Uncertainty Also Expand

[Asia Economy Reporter Minji Lee] The KOSPI closed down over 1% due to a selling spree by institutions and foreign investors. Despite individual investors net buying stocks worth around 1 trillion won, it was insufficient to prevent the index from falling.

[Image source=Yonhap News]

On the 11th, the KOSPI ended the session at 2,176.78, down 0.86% (18.91 points) from the previous session. The index opened at 2,184.36, down 11.33 points (0.52%) from the previous trading day, and even surpassed the 2,200 mark during the session but turned downward in the afternoon.

In the securities market that day, institutions and foreigners sold stocks worth 1.1817 trillion won and 116.1 billion won respectively, while individual investors purchased stocks worth 1.2675 trillion won.

Among sectors, pharmaceuticals (5.04%) and transportation and warehousing (0.89%) rose. Among the top market capitalization stocks, Samsung Electronics fell about 2%, closing at 54,300 won. SK Hynix (-2.53%), Naver (-1.43%), and Hyundai Motor (-2.69%) also declined. Conversely, Samsung Biologics (6.11%), Celltrion (7.26%), and LG Chem (5.23%) surged significantly.

Ji-yoon Kim, a researcher at Daishin Securities, explained, “Even on the simultaneous expiration day of futures and options, the trend of net selling in the spot market and net buying in futures continued, leading to a larger drop. Concerns over economic uncertainty pulled the stock market down.”

The KOSDAQ index closed at 757.06, down 0.21% (1.56 points) from the previous session. The index climbed to 766 points during the session but turned downward in the afternoon as institutional selling increased. In the KOSDAQ market, individuals bought stocks worth 196.8 billion won, while foreigners and institutions sold stocks worth 52.3 billion won and 104.6 billion won respectively.

By sector, paper and wood (4.38%), distribution (1.97%), pharmaceuticals (1.24%), and digital content (0.11%) rose. Among the top market capitalization stocks, Celltrion Healthcare closed at 105,000 won, up 3.45% from the previous session. Seegene (2.75%), Pearl Abyss (3.74%), and EcoPro BM (2.65%) also rose. On the other hand, Celltrion Pharm (-0.37%), HLB (-2.95%), and Alteogen (-0.61%) declined.

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