Foreigners and Institutions Sell Off, KOSPI and KOSDAQ Turn Downward

[Asia Economy Reporter Minji Lee] The KOSPI and KOSDAQ indices turned downward as foreigners and institutions increased their net selling.

On the 29th, the KOSPI index is displayed on the electronic board in the dealing room of Hana Bank in Euljiro, Seoul. On this day, the KOSPI started at 3,078.73, up 9.68 points (0.32%) from the previous trading day, showing an upward trend. Photo by Moon Honam munonam@

At 10:02 a.m. on the 29th, the KOSPI stood at 3,046.09, down 0.75% (22.96 points) from the previous trading day. The index initially rose by more than 1% in the early session due to net buying by individuals, but turned downward as foreigners and institutions increased their selling pressure. Currently, foreigners and institutions have sold stocks worth 320.4 billion KRW and 196.8 billion KRW respectively in the KOSPI market. Individuals have purchased stocks worth 522.1 billion KRW, defending against the index decline.

Among the top market capitalization stocks, SK Hynix (2.03%), LG Chem (1.6%), and Celltrion (0.15%) rose. Conversely, Samsung Electronics (-0.12%), Samsung Biologics (-2.03%), and Samsung SDI (-1.89%) declined.

At the same time, the KOSDAQ index was down 0.77% (7.40 points) at 953.83. The index initially rose to the 970 level with a 1% gain early in the session but soon turned downward. Currently, foreigners and institutions have net sold stocks worth 43 billion KRW and 43.1 billion KRW respectively. Individuals have purchased stocks worth 107.5 billion KRW. Among the top market capitalization stocks, Celltrion Healthcare (0.6%), HL Biopharma (2.36%), Seegene (2.78%), and Alteogen (1.70%) rose.

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