KOSPI Reverses to Decline Then Mixed Trends... Strong Net Selling by Institutions and Foreigners Increases

On the 11th, when the KOSPI index surpassed the 3,200 mark intraday for the first time in history, dealers were working in the dealing room of Hana Bank in Euljiro, Seoul. Photo by Moon Honam munonam@

[Asia Economy Reporter Kum Boryeong] On the 11th, the KOSPI reversed to a decline and showed mixed trends due to strong net selling by institutional and foreign investors.

As of 11:29 AM on the 11th, the KOSPI was at 3,172.42, up 0.64% (20.24 points) compared to the previous trading day.

The KOSPI opened at 3,161.90, up 0.31% (9.72 points) from the previous trading day, and during the session surged to as high as 3,266.23, surpassing the 3,200 mark. However, around 11:06 AM, it failed to withstand the net selling pressure from institutional and foreign investors, reversed to a decline, and has since been fluctuating.

In the KOSPI market, institutions net sold stocks worth 2.1888 trillion KRW, and foreigners net sold 451.5 billion KRW. In contrast, individuals net bought stocks worth 2.7174 trillion KRW, absorbing the volume.

The KOSPI was led in the morning by large-cap stocks such as Samsung Electronics, Hyundai Motor, and Korean Air. Samsung Electronics, which closed at 88,800 KRW on the previous trading day, rose intraday to 96,800 KRW; Hyundai Motor increased from 246,000 KRW to 289,000 KRW; and Korean Air jumped from 27,900 KRW to 31,350 KRW.

At the same time, the KOSDAQ index recorded 973.19, down 1.48% (14.60 points) from the previous trading day.

The KOSDAQ opened at 988.38, up 0.06% (0.59 points) from the previous trading day, and has been alternating between rises and falls.

In the KOSDAQ market, individuals net sold stocks worth 79.5 billion KRW, while foreigners and institutions net bought 83.5 billion KRW and 14.9 billion KRW, respectively.

Among the top market capitalization stocks, Celltrion Healthcare (3.38%) and Celltrion Pharm (0.45%) rose, but HL Biopharma (2.55%), Seegene (3.54%), and Alteogen (2.43%) declined.

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