KOSPI Weakens to 2210 Level Due to Foreign and Institutional Selling... KOSDAQ Approaches 800 Level

[Asia Economy Reporter Oh Ju-yeon] On the 23rd, the KOSPI index was weak due to selling by foreign and institutional investors. Meanwhile, the KOSDAQ index rose slightly, approaching the 800-point mark.

As of 10:40 AM, the KOSPI stood at 2,218.08, down 0.47% from the previous trading day. By investor type, foreigners and institutions sold stocks worth 65.8 billion KRW and 340.2 billion KRW respectively, while individuals net bought stocks worth 398.6 billion KRW.

Among the top market capitalization stocks, Samsung Electronics (-1.10%) and Samsung Biologics (-0.25%) declined, while SK Hynix (0.12%) rose. Following the Q2 earnings surprise by the US electric vehicle company Tesla, non-face-to-face (untact) related stocks showed an upward trend in the domestic market. NAVER traded at 281,500 KRW, up 4.26% from the previous day, and Kakao rose 2.52% to 326,000 KRW.

LG Chem, considered a secondary battery-related stock, rose 0.57% to 530,000 KRW compared to the previous day, but Samsung SDI fell 0.39% to 386,500 KRW.

The KOSDAQ index rose 0.52% from the previous day to 799.09, nearing the 800-point level.

Among the top market capitalization stocks, Seegene rose 5.51% to 197,400 KRW, EcoPro BM (3.62%), and KMH (2.47%) also increased. On the other hand, HLB (-2.22%) and Celltrion Pharm (-0.78%) declined. Alteogen surged 16% compared to the previous day due to the ex-rights date for its bonus issue.

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