Foreigners and Institutions Sell Off, KOSPI Starts Up Then Falls

[Asia Economy Reporter Minji Lee] The KOSPI index started higher but continued to weaken due to net selling by foreigners and institutions.

As of 9:10 a.m. on the 29th, the KOSPI stood at 3,296.84, down 0.15% (5.05 points) from the previous trading day. The index opened at 3,305.36, up 0.10% (3.37 points) from the previous day. Looking at investor trends, foreigners and institutions sold stocks worth 60.8 billion KRW and 165.4 billion KRW respectively, while individuals alone bought stocks worth 224.4 billion KRW.

Among the top market capitalization stocks, Samsung Electronics was down 0.49% from the previous day, trading at 81,500 KRW. Meanwhile, SK Hynix (0.40%), Kakao (1.29%), NAVER (0.12%), and LG Chem (0.60%) rose, while Samsung Biologics (-0.12%), Hyundai Motor (-0.62%), and Celltrion (-0.38%) declined.

On the other hand, the KOSDAQ index showed an upward trend. At the same time, the index stood at 1,023.28, up 0.53% (5.37 points). The KOSDAQ opened at 1,019.64, up 0.17% (1.73 points) from the previous day. Investor trends show that individuals alone bought stocks worth 66.3 billion KRW, while foreigners and institutions sold stocks worth 52.1 billion KRW and 13.3 billion KRW respectively.

Among the top market capitalization stocks, Celltrion Healthcare rose 0.17% to 115,400 KRW. Pearl Abyss (16.16%), EcoPro BM (0.54%), Kakao Games (2.18%), and SK Materials (0.88%) also increased.

Seosangyoung, a researcher at Mirae Asset Securities, said, “The domestic stock market is expected to start higher influenced by the Nasdaq’s rise but is likely to show weakness due to foreign investor supply pressure. However, considering the favorable investment sentiment centered on the semiconductor sector, focusing on changes in individual stocks would also be positive.”

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