Foreigners and Institutions Both Sell, KOSPI Slightly Weak in Early Trading

KOSPI Wavers at 3210 Level... KOSDAQ Also Weak

[Asia Economy Reporter Minwoo Lee] The KOSPI is showing a slightly weak trend in the early session amid selling pressure from foreigners and institutions.

On the 27th, when the KOSPI index showed mixed trends in the early session, dealers were working in the Hana Bank dealing room in Euljiro, Seoul. Photo by Moon Honam munonam@

On the 27th, the KOSPI opened at 3,218.30, up 0.02% (0.77 points) from the previous day. It then turned downward, falling to 3,210.37 as of 9:30 a.m.

The selling pressure from foreigners and institutions appears to have pulled the index down. They each net sold 109.5 billion KRW and 81.5 billion KRW, respectively. On the other hand, individuals net bought 198.6 billion KRW worth.

More sectors declined. Non-metallic minerals had the largest drop at -1.67%. This was followed by transportation equipment (-0.98%), pharmaceuticals (-0.68%), and telecommunications (-0.57%). Meanwhile, steel & metals (3.09%) and electric & gas utilities (1.76%) rose.

Among the top 10 market capitalization stocks, Kakao showed the largest gain at 5.51%. This was followed by SK Hynix (1.90%), LG Chem (1.02%), NAVER (0.93%), and Samsung Biologics (0.37%). Conversely, Kia (-1.21%), Hyundai Motor (-1.13%), Celltrion (-1.05%), Samsung Electronics (-0.84%), and Samsung SDI (-0.29%) declined.

The KOSDAQ showed a similar trend. It opened at 1,030.29, up 0.02% (0.23 points) from the previous day. It then slightly retreated to 1,024.65 as of 9:30 a.m.

In the KOSDAQ market as well, selling pressure from foreigners and institutions continued. They net sold 47.5 billion KRW and 5.3 billion KRW, respectively, while individuals bought 53.9 billion KRW.

Again, many sectors declined. Transportation equipment & parts (-1.37%), machinery & equipment (-1.21%), telecommunications equipment (-1.17%), and digital content (-1.13%) had large drops. Transportation (1.23%) and food & tobacco (1.15%) rose.

Most of the top 10 market capitalization stocks fell. HLB had the largest drop at -3.46%. This was followed by Pearl Abyss (-1.16%), Celltrion Healthcare (-1.08%), EcoPro BM (-0.93%), CJ ENM (-0.89%), Celltrion Pharm (-0.69%), and Kakao Games (-0.52%). Genexine (10.72%), SK Materials (0.39%), and Alteogen (0.12%) rose.

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