KOSPI Closes Lower at 2228.66 Amid Selling Pressure from Institutions and Foreigners

[Asia Economy Reporter Minji Lee] The KOSPI closed lower due to selling pressure from institutions and foreigners.

On the 22nd, the KOSPI closed at 2,228.66, down 0.01% (0.17 points) from the previous session. The KOSPI opened at 2,228.20, down 0.03% (0.63 points), and although it expanded its gains in the middle of the session as the Chinese stock market rose more than 1%, it closed lower due to selling from foreigners. In the KOSPI market that day, individuals bought stocks worth 362.7 billion KRW, while foreigners and institutions sold stocks worth 103 billion KRW and 242.2 billion KRW, respectively.

Seosangyoung, a researcher at Kiwoom Securities, explained, "Market attention is focused on the issue surrounding the extension of the additional unemployment benefit period in the U.S. and the earnings announcements of major U.S. tech companies, resulting in a cautious stance." He added, "A differentiated market appeared, with sectors such as untact (non-face-to-face) and secondary batteries showing weakness."

Among the top market capitalization stocks, Samsung Electronics traded at 54,700 KRW, down 1.08% from the previous session. On the other hand, Samsung Biologics (5.33%), Kakao (0.63%), and Samsung SDI (0.26%) rose.

The KOSDAQ index closed at 794.99, up 0.56% (4.41 points) from the previous session. In the KOSDAQ market, individuals and foreigners bought stocks worth 70.9 billion KRW and 43.4 billion KRW, respectively. Institutions were the only sellers, offloading stocks worth 85.9 billion KRW.

Among the top market capitalization stocks, Celltrion Healthcare (0.29%), Alteogen (3.04%), KMH (2.38%), and EcoPro BM (1.40%) rose.

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