KOSPI Weakens Due to Net Selling by Foreigners and Institutions

[Asia Economy Reporter Minji Lee] The KOSPI is showing a downward trend in the early trading session.

As of 9:15 a.m. on the 28th, the KOSPI stood at 3,210.43, up 0.16% (4.99 points) from the previous trading day. The index opened at 3,217.21, up 0.06% (1.79 points) from the previous day, but soon turned downward. Looking at investor trends, foreigners and institutions sold stocks worth 85.3 billion KRW and 39.8 billion KRW respectively. Individual investors alone bought stocks worth 124.4 billion KRW.

Among the top market capitalization stocks, Samsung Electronics (-0.24%), SK Hynix (-2.22%), LG Chem (-1.23%), NAVER (-0.66%), Kakao (-0.82%), Samsung Biologics (-0.25%), and Samsung SDI (-1.9%) declined. Hyundai Motor (1.36%) and Celltrion (1.82%) rose.

During the same period, the KOSDAQ index stood at 1,017.70, up 0.31% (3.17 points) from the previous trading day. The index opened at 1,021.13, up 0.01% (0.12 points) from the previous day, but has maintained a weak trend.

Looking at investor trends, foreigners and institutions sold stocks worth 30.4 billion KRW and 32.9 billion KRW respectively. Individual investors alone bought stocks worth 78.1 billion KRW.

Among the top market capitalization stocks, Celltrion Healthcare and Celltrion Pharm rose by 1.81% and 1.9% respectively. Kakao Games (-0.36%), EcoPro BM (-1.29%), and Pearl Abyss (-0.34%) declined.

Yumi Kim, a researcher at Kiwoom Securities, explained, “The domestic stock market will be influenced by cautious sentiment ahead of the April FOMC and mixed earnings results of large tech stocks. However, the rise in international oil prices and strength in cyclical stocks are expected to have a positive effect on large domestic stocks, so while intraday volatility may appear, the downward pressure will be limited, showing a slightly weak trend.”

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