KOSPI Turns Lower Intraday Amid Selling Pressure from Individuals and Institutions

[Image source=Yonhap News]

[Asia Economy Reporter Ji-hwan Park] Both the KOSPI and KOSDAQ indices turned to a downward trend during the trading session.

According to the Korea Exchange on the 6th, as of 1:50 PM, the KOSPI index was trading at 2409.34, down 4.45 points (0.18%) from the previous trading day. The index opened at 2421.79, up 0.33% for the day, but after narrowing gains around the early 2400s level, it shifted to a downward trend.

By investor type, foreign investors defended the index with a net purchase of 585.5 billion KRW. In contrast, individual and institutional investors both sold off, with net sales of 585.2 billion KRW and 13.9 billion KRW respectively, pulling the index down.

Among the top market capitalization stocks, there is a mixed trend of rises and falls. Samsung Electronics, Samsung Biologics, Hyundai Motor, and LG Household & Health Care declined, while SK Hynix and Celltrion rose. In particular, LG Chem surged by over 6%.

The KOSDAQ also fell, showing 836.50, down 8.30 points (0.98%) from the previous trading day. In the market, individuals were net buyers with 619.8 billion KRW, while institutions and foreign investors were net sellers with 354.1 billion KRW and 243.5 billion KRW respectively.

Among the top 10 market capitalization stocks, all declined except for Kakao Games and EcoPro BM.

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