KOSPI Closes Lower... KOSDAQ Rises About 0.8%

[Image source=Yonhap News]

[Asia Economy Reporter Minji Lee] The KOSPI closed lower. The domestic stock market experienced high volatility due to the rebalancing of the Morgan Stanley Capital International (MSCI) Emerging Markets Index.

On the 27th, the KOSPI ended the session at 3,165.51, down 0.09% (2.92 points) from the previous trading day. The index opened at 3,170.84, up 0.08% (2.41 points) from the previous day, then dropped 0.82% during the session to 3,142.37, but narrowed the decline in the afternoon.

Although the KOSPI seemed to turn upward late in the session due to institutional buying, it closed lower as individual investors' net buying decreased and foreign investors increased their selling. Regarding investor trends, individuals and institutions net bought stocks worth 46.6 billion KRW and 266.3 billion KRW, respectively. Foreign investors were the sole net sellers with 280.2 billion KRW.

Among the top market capitalization stocks, only SK Hynix (2.03%), Kakao (4.60%), POSCO (3.15%), and SK Innovation (1.28%) rose. LG Chem fell 3.49% due to recall concerns and negative reports from foreign securities firms. Other stocks such as Samsung Electronics (-0.25%), NAVER (-1.38%), Hyundai Motor (-1.34%), and Celltrion (-0.55%) also declined.

The KOSDAQ index closed at 974.08, up 0.83% (8.02 points) from the previous trading day. The index fell to 960.64, down 0.56% during the session, but increased its gains in the afternoon to close higher. On this day, individuals were the sole net sellers, offloading stocks worth 118.5 billion KRW. Foreign investors and institutions bought stocks worth 105.9 billion KRW and 17.3 billion KRW, respectively.

Celltrion Healthcare, which had been declining throughout the session, rose late in the day to close at 122,900 KRW, up 5.04% from the previous day. Meanwhile, Celltrion Pharm (-0.60%), Pearl Abyss (-0.17%), Kakao Games (-2.10%), Seegene (-1.58%), and CJ ENM (-0.61%) declined.

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