KOSPI Turns Down... Falls Below 3100 Again

Individual Investors Net Bought 1.1 Trillion KRW, but Foreigners and Institutions Sell Off Together
KOSDAQ Extends Gains... Up Nearly 1%

Photo by Getty Images Bank

[Asia Economy Reporter Minwoo Lee] The KOSPI, which had risen more than 1% in early trading, turned downward and fell back to the 3000 level.

As of 10:34 a.m. on the 20th, the KOSPI recorded 3,084.77, down 0.26% (7.89 points) from the previous day. It opened at 3,115.04, up 0.72% (22.38 points) from the previous day, and showed a rise of over 1% in early trading, but soon shifted to a downward trend.

Individual investors continued buying, but selling pressure from foreigners and institutions appeared to have pulled the index down. In the KOSPI market, individuals net bought 1.12043 trillion KRW, while foreigners and institutions net sold 355.6 billion KRW and 836.8 billion KRW, respectively.

Most sectors declined. The securities sector had the largest drop at -1.88%. This was followed by construction (-1.78%), insurance (-1.77%), and transportation and warehousing (-1.64%). Medical precision (0.87%) and textiles and apparel (0.03%) rose.

The KOSDAQ maintained its early upward momentum. At the same time, the KOSDAQ recorded 965.55, up 0.81% (7.80 points) from the previous day. It opened at 959.52, up 0.18% (1.77 points) from the previous day, and widened its gains.

In the KOSDAQ market, only institutions net bought 50.7 billion KRW. Foreigners and individuals net sold 6.7 billion KRW and 31.4 billion KRW, respectively.

Many sectors rose. Entertainment and culture (2.34%), distribution (2.01%), semiconductors (1.46%), and machinery and equipment (1.12%) led the gains. Transportation (-1.01%) and construction (-0.92%) declined.

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