Following KOSPI, KOSDAQ Also Weak... Only Individuals Net Buyers

KOSPI Weak Despite Net Buying by Individuals
KOSDAQ Also Turns Weak After Starting Higher
Chinese Inflation Data Exceeds Market Expectations

On the 7th, the KOSPI opened at 3,244.59, up 4.51 points (+0.14%) from the previous trading day. Dealers are working in the dealing room at the Hana Bank headquarters in Jung-gu, Seoul. Photo by Jinhyung Kang aymsdream@

[Asia Economy Reporter Hwang Junho] On the 9th, the KOSPI is showing weakness as foreigners and institutions are net sellers.

As of 10:44 AM, the KOSPI is down 0.35% (11.42 points) at 3,236.41. Although individuals, who were net sellers the previous day, are net buyers with 252.3 billion KRW, foreigners and institutions are net sellers with 123.8 billion KRW and 121.3 billion KRW respectively, maintaining the downward trend. Among all stocks, 375 are rising while 453 are declining.

By sector, the textile and apparel sector is showing strength with a 2.77% increase. Within this sector, Ssangbangwool, which participated in the acquisition of Eastar Jet, is up 17.19%. TBH Global is also up 6.98%. Additionally, sectors such as electric gas, transportation equipment, and telecommunications are showing gains. Notable rising themes today include OLED, semiconductor equipment, remodeling, and interior design.

Among the top market capitalization stocks, Samsung Electronics is down 0.24% at 81,700 KRW. Samsung Electronics has been weak since the market opened. SK Hynix is also down 2.35% at 124,500 KRW. Both stocks are being bought by foreigners, while institutions are net sellers. LG Chem and Samsung Biologics are down 0.25% and 0.70% respectively. NAVER is down 0.28%, whereas Kakao is up 0.78%.

On the 7th, the KOSPI opened at 3,244.59, up 4.51 points (+0.14%) from the previous trading day. Dealers are working in the dealing room at the Hana Bank headquarters in Jung-gu, Seoul. Photo by Jinhyung Kang aymsdream@

The KOSDAQ, which started the day higher, turned downward as time passed. It is currently down 0.30% (2.93 points) at 983.19. On the KOSDAQ, individuals are net buyers with 59.8 billion KRW, and institutions are net buyers with 9 billion KRW. However, foreigners are net sellers with 64.7 billion KRW. Among all sectors, 798 sectors are down while 512 are up. Sectors such as transportation, parts, entertainment, textiles and apparel, metals, and broadcasting services are showing gains.

Among the top market cap stocks, gaming stocks stand out with gains. Kakao Games is up 1.8% at 56,600 KRW, and Pearl Abyss is up 0.68%. On the other hand, pharmaceutical stocks such as Celltrion Healthcare (-1.09%), Celltrion Pharm (-2.98%), and EcoPro BM (-0.95%) are weak.

However, it remains to be seen whether the market weakness will continue. The inflation indicators released today from China exceeded market expectations. The consumer price index (CPI) was 1.3%, lower than the expected 1.5%, but the producer price index (PPI) was 9.0%, surpassing the expected 8.6%.

Seo Sang-young, a researcher at Mirae Asset Securities Media Content Department, said, "Inflationary pressure is not high, and corporate sentiment can be interpreted as favorable," adding, "This raises expectations for the Chinese economy, which is expected to have a positive effect on the domestic stock market."

Ahn Young-jin, a researcher at SK Securities Research Center, said, "The recent rise in raw material prices shows how significant a part of inflationary pressure it is," and added, "This will inevitably be passed on to the US consumer price index (CPI), which could bring the Federal Reserve's monetary policy shift signal one step closer."

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