Foreigners and Institutions Sell Together... KOSPI Falls Below 2400

Telecom Stocks Weaken Following SK Telecom Physical Division News

[Asia Economy Reporter Minji Lee] The KOSPI closed lower due to simultaneous net selling by foreigners and institutions.

On the 14th, the KOSPI ended the session at 2380.48, down 0.94% (22.67 points) from the previous session. The index opened at 2403.74, up 0.02% (0.59 points) from the previous trading day, but soon turned downward and widened its losses during the session. By investor type, individuals were the sole buyers, purchasing stocks worth 414.4 billion KRW. In contrast, institutions and foreigners sold stocks worth 375.8 billion KRW and 37.4 billion KRW, respectively.

On the 25th, the KOSPI index opened at 2295.16, up 0.99% (22.49 points) from the previous trading day, as dealers were working in the Hana Bank dealing room in Jung-gu, Seoul. On the same day, the KOSDAQ index rose 1.36% (11 points) to 817.95, and the won-dollar exchange rate started at 1169.5 won, down 3.2 won from the previous trading day. Photo by Kim Hyun-min kimhyun81@

Looking at the top market capitalization stocks, Samsung Electronics closed at 60,900 KRW, unchanged from the previous session. SK Hynix (-1.93%), Samsung Biologics (-2.21%), LG Chem (-2.48%), Hyundai Motor (-0.56%), and Celltrion (-3.14%) also declined.

The KOSDAQ index also closed lower at 861.48, down 1.20% (10.44 points) from the previous session. The index opened at 873.04, up 0.13% (1.12 points) from the previous trading day, but turned downward and recorded a decline of over 1%.

By investor type, individuals were net buyers of stocks worth 274.5 billion KRW, while foreigners and institutions sold stocks worth 36 billion KRW and 215.7 billion KRW, respectively.

Among the top market capitalization stocks, Seegene (4.34%) and KMH (0.65%) rose. Celltrion Healthcare (-3.06%), Alteogen (-2.34%), HLB (-1.37%), and Celltrion Pharm (-3.03%) declined.

Researcher Kyungmin Lee of Daishin Securities explained, “The KOSPI fell to the 2370 level due to simultaneous selling by foreigners and institutions. By sector, SK Telecom showed weakness in telecommunications (-2.9%) after announcing a physical division of its mobility business.”

He added, “The KOSDAQ index saw continuous net selling by institutions, but 5G communication-related stocks rose following news that Apple will launch new 5G products.”

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