KOSPI Surpasses '3260 Level' Intraday with Firm Gains... KOSDAQ Turns Downward

[Image source=Yonhap News]

[Asia Economy Reporter Ji-hwan Park] On the 15th, the KOSPI showed a firm upward trend, surpassing the '3260 level.' The KOSDAQ, which started the session higher and increased the possibility of reaching the 1000-point mark, turned downward as foreign and institutional investors increased their selling pressure.

On that day, the KOSPI opened at 3,253.17, up 1.04 points (0.03%) from the previous trading day (3,252.13). As of 9:15 a.m., it was trading at 3,262.10, up 9.97 points (0.31%) compared to the previous day.

By investor type, foreigners and institutions showed a net selling preference. Foreigners and institutions sold a net 73.6 billion KRW and 12.2 billion KRW, respectively. Meanwhile, individual investors bought 83.6 billion KRW, leading the index.

The top 10 stocks by market capitalization showed mixed movements. Samsung Electronics and SK Hynix rose by 0.75% and 1.57%, respectively. LG Chem (1.09%) and Hyundai Motor (0.21%) also increased. On the other hand, NAVER (-0.52%) and Samsung Biologics (-0.94%) declined.

On the same day, the KOSDAQ opened at 998.05, up 0.64 points (0.06%) from the previous trading day (997.41). However, the index soon turned downward as foreign and institutional selling increased. At the same time, the index was trading at 996.91, down 0.50 points (-0.05%) from the previous day.

The KOSDAQ also saw prominent selling by foreigners and institutions. Foreigners and institutions sold a net 47.1 billion KRW and 10.5 billion KRW, respectively. Individuals bought a net 61.0 billion KRW.

Most of the top 10 stocks by market capitalization on the KOSDAQ showed weakness. Celltrion Pharm had the largest drop at 3.46%. Celltrion Healthcare (-1.46%), Kakao Games (-0.69%), and Pearl Abyss (-0.78%) also declined. EcoPro BM (0.32%) and SK Materials (1.14%) rose.

Yoon-chul Park, a researcher at Hi Investment & Securities, said, "The KOSPI is expected to show mixed trends influenced by the rotation between tech and value stocks in the U.S. market. Attention should be paid to foreign demand amid a wait-and-see stance ahead of the Federal Open Market Committee (FOMC) meeting."

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