Despite Individual Investors' Net Buying of 2 Trillion Won, KOSPI Falls to 3240 Level

‘Hawkish’ Fed Dampens Domestic Stock Market
Concerns Over COVID-19 Delta Variant Spread... Seegene Up 16%

[Asia Economy Reporter Minji Lee] The KOSPI index recorded a decline of nearly 1% due to net selling by foreigners and institutions. Despite individuals alone purchasing domestic stocks worth 2 trillion won, it was insufficient to prevent the index from falling.

On the 21st, the KOSPI closed at 3,240.79, down 0.83% (27.14 points) from the previous trading day. The KOSPI started the day at 3,264.18, down 0.11% (3.75 points) from the previous day, and widened its losses during the session, falling to the 3,220 level.

Uncertainty regarding monetary policy and concerns over the spread of the COVID-19 Delta variant negatively impacted the index. Kyungmin Lee, a researcher at Daishin Securities, said, “Volatility in Asian stock markets, centered on Japan, has increased, and a risk-averse trend has emerged due to the narrowing of the short- and long-term interest rate spread. Attention should be paid to this week’s scheduled testimonies by St. Louis Fed President Bullard, Dallas Fed President Kaplan, and Fed Chair Powell before the House.” On this day, individuals alone purchased stocks worth 2 trillion won, helping to defend against the index’s decline. Individuals net bought stocks worth 1.977 trillion won, while foreigners and institutions sold stocks worth 892 billion won and 1.0823 trillion won, respectively.

Looking at the top market capitalization stocks, Samsung Electronics and SK Hynix fell 0.75% and 2%, respectively, compared to the previous day. NAVER (-0.25%) and Hyundai Motor (-0.85%) also declined, while Samsung Biologics (2.15%), Samsung SDI (1.04%), and Celltrion (3.89%) rose.

On the same day, the KOSDAQ index closed at 1,010.99, down 0.48% (4.89 points) from the previous trading day. The index started the day at 1,014.59, down 0.13% (1.29 points), and showed a decline of over 0.8% in the early session. In the KOSDAQ market, individuals alone sold stocks worth 148.5 billion won, while foreigners and institutions sold stocks worth 74.8 billion won and 49.8 billion won, respectively.

Among the top market capitalization stocks, Celltrion Healthcare (2.92%), Celltrion Pharm (7.76%), EcoPro BM (2.94%), Seegene (16.36%), and Alteogen (0.25%) rose, while Pearl Abyss (-2.85%), Kakao Games (-1.73%), and CJ ENM (-2.02%) declined.

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