Institutions and Foreigners Sell Together... KOSPI Declines Further in the Afternoon

[Image source=Yonhap News]

[Asia Economy Reporter Minji Lee] The KOSPI index is widening its losses in the afternoon as foreign investors and institutions increase their selling volume.

As of 1:51 PM on the 8th, the KOSPI stands at 3003.53, down 0.74% (23.73 points) from the previous trading day. The index opened at 3031.99, up 0.19% (5.73 points) from the previous day, but has since expanded its decline.

Looking at investor trends, individual investors bought stocks worth 478.1 billion KRW alone, while institutions and foreigners sold stocks worth 433.7 billion KRW and 46.9 billion KRW, respectively.

Among the top market capitalization stocks, most declined. Samsung Electronics fell 0.24% to 81,900 KRW, SK Hynix (-2.14%), LG Chem (-1.22%), Samsung Biologics (-2.64%), Kakao (-2.23%), and Celltrion (-2.49%) also dropped.

At the same time, the KOSDAQ index is down 1.21% (11.17 points) to 921.31 compared to the previous trading day. The index opened at 925.19, up 0.19% (1.71 points) from the previous day, but turned downward. Regarding investor trends, individual investors bought stocks worth 237.7 billion KRW alone, while institutions and foreigners sold stocks worth 37.6 billion KRW and 186.1 billion KRW, respectively.

In the KOSDAQ market, most of the top market capitalization stocks also declined. Celltrion Healthcare (-2.71%), HL Biopharma (-4.62%), Pearl Abyss (-2.29%), Kakao Games (-0.39%), and Alteogen (-4.54%) all fell.

Sangyoung Seo, a researcher at Kiwoom Securities, explained, “Although the market showed nearly a 1% rise during the session, the decline widened as the Chinese stock market extended its losses. Steel, banking, and insurance sectors are rising, but pharmaceuticals and non-metallic minerals sectors are showing weakness.”

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