KOSPI Slightly Declines... Foreigners and Institutions Sell Off

On the 2nd, dealers were busy working in the dealing room of Hana Bank in Euljiro, Seoul. On this day, the KOSPI index started at 3,065.56, up 9.03 points (0.30%) from the previous trading day, showing an upward trend. Photo by Moon Honam munonam@

[Asia Economy Reporter Hwang Junho] On the 4th, the KOSPI and KOSDAQ opened higher but are showing weakness. They are unable to withstand the simultaneous selling pressure from foreigners and institutions.

On this day, the KOSPI opened at 3,135.02, up 5.34 points. It started 0.17% higher than the previous closing price. However, as of 9:12 AM, the KOSPI is down 0.72% at 3,107.30.

In the early session, individuals showed a net buying advantage of 322.7 billion KRW, while foreigners and institutions showed net selling advantages of 176.7 billion KRW and 139 billion KRW, respectively.

Among sectors, transportation equipment and paper/wood sectors are showing gains of over 1%. Following these, transportation/warehousing, non-metallic minerals, steel/metal, telecommunications, construction, and chemicals are also on the rise.

Among the top market capitalization companies, Hyundai Motor (over 1%) and Kia Motors (over 2%) are rising on news of an Apple Car contract. On the other hand, other companies such as Samsung Electronics (1.42%), SK Hynix (2.31%), LG Chem (1.00%), and Naver (1.75%) are lagging behind.

The KOSDAQ also opened higher but could not avoid a decline. It started at 970.93, up 0.24 points (0.02%) from the previous day, but is currently down 0.64% at 964.45.

Among KOSDAQ sectors, non-metallic minerals and paper/wood sectors are showing nearly 2% upward trends. Information devices, transportation parts, textiles/apparel, software, and construction are also on the rise.

Among the top market capitalization companies in KOSDAQ, most are recording declines. Among them, Seegene (over 4%), Pearl Abyss (1%), and EcoPro BM (over 1%) are showing upward trends.

On this day, the USD/KRW exchange rate recorded 1,114.10 won, down 0.007% from the previous day.

The New York stock market was mixed the previous day. Economic indicators came out well, but the market fluctuated as it interpreted the possibility of a reduction in economic stimulus measures.

On the 3rd (local time) at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average rose 36.12 points (0.12%) from the previous trading day to 30,723.60, and the S&P 500 index rose 3.86 points (0.1%) to 3,830.17 during the same period. Meanwhile, the Nasdaq index closed down 2.23 points (0.02%) at 13,610.54.

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