KOSPI Continues Weakness Amid Foreign and Institutional Selling Over 1 Trillion Won... KOSDAQ Turns to Gains

[Asia Economy Reporter Park Jihwan] On the afternoon of the 19th, the KOSPI continued its weak trend following the morning session. Foreign investors and institutions sold off over 1 trillion won worth of stocks, dragging the index down. The sharp rise in the U.S. 10-year Treasury yield appears to have negatively impacted investor sentiment. However, the KOSDAQ, which had been declining steadily in the early session, reversed to an upward trend in the afternoon.

As of 1:45 PM, the KOSPI stood at 3,049.32, down 16.69 points (0.54%) from the previous trading day. The index opened at 3,063.01, down 3.00 points (0.10%) from the previous close, and continued its weak trend.

The decline in the domestic stock market was influenced by the overnight drop in major U.S. indices due to the sharp rise in the 10-year Treasury yield. The Dow Jones Industrial Average fell 0.46%, the Standard & Poor's (S&P) 500 index dropped 1.48%, and the tech-heavy Nasdaq index plunged 3.02%. The U.S. 10-year Treasury yield surpassed the 1.7% level.

On the KOSPI, individual investors were net buyers with 1.2373 trillion won, while foreign investors and institutions were net sellers of 424.1 billion won and 799.6 billion won, respectively.

Among the top 10 market capitalization stocks, most showed declines. LG Chem recorded the largest drop, falling 3.02% to 835,000 won compared to the previous day. SK Hynix (-1.76%), Samsung SDI (-1.36%), Kakao (-0.50%), and Celltrion (-0.86%) also declined. In contrast, NAVER and Kia Motors rose by 0.74% and 0.46%, respectively.

The KOSDAQ showed a decline of over 1% in the early session but turned to an upward trend in the afternoon. It is currently trading at 952.07, up 2.24 points (0.24%). Individual investors and foreign investors were net buyers of 10.7 billion won and 72.6 billion won, respectively, while institutions were net sellers of 76.7 billion won.

Among the top market capitalization stocks, Alteogen (1.75%), Kakao Games (0.96%), and Pearl Abyss (0.98%) rose, while Seegene (-1.34%) and Celltrion Healthcare (-0.56%) showed weakness.

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