Foreigners and Institutions Sell... KOSPI and KOSDAQ Both Fall

Slight Recovery Trend Starting Around 10 AM

[Image source=Yonhap News]

[Asia Economy Reporter Gong Byung-sun] Selling pressure from foreigners and institutions is leading to declines in the KOSPI and KOSDAQ.

As of 1:44 PM on the 16th, the KOSPI recorded 3,268.69, down 0.53% (17.53 points) from the previous trading day. It had fallen to 3,259.32 at 10:04 AM that day.

Selling by foreigners and institutions led to the index decline. Foreigners and institutions net sold 239.2 billion KRW and 457 billion KRW, respectively. Individuals net bought 739.6 billion KRW.

Almost all sectors showed weakness. The textile and apparel sector had the largest drop at 1.74%. This was followed by machinery (-1.53%), steel and metals (-1.23%), electrical and electronics (-1.08%), and transportation equipment (-1.02%). Paper and wood (0.81%), pharmaceuticals (0.78%), medical precision instruments (0.78%), telecommunications (0.52%), and non-metallic minerals (0.29%) rose.

Most of the top 10 market capitalization stocks declined. SK Hynix had the largest drop at 2.02%. This was followed by Kia (-1.59%), Kakao (-1.25%), Samsung Electronics (-1.12%), Hyundai Motor (-1.08%), Celltrion (-0.94%), Samsung SDI (-0.40%), and NAVER (-0.11%). Samsung Biologics (3.09%) and LG Chem (0.49%) rose.

At the same time, the KOSDAQ recorded 1,050.47, down 0.36% (3.84 points) from the previous trading day. It had fallen to 1,044.70 at 10:09 AM that day.

Selling pressure from foreigners and institutions is strong. Foreigners and institutions net sold 58.4 billion KRW and 108.6 billion KRW, respectively. Individuals net bought 175.6 billion KRW.

Most sectors declined. The non-metallic sector had the largest drop at 1.22%. This was followed by pharmaceuticals (-1.11%), transportation equipment and parts (-1.10%), distribution (-1.07%), and semiconductors (-1.06%). Digital content (1.21%), textiles and apparel (0.94%), other manufacturing (0.79%), entertainment and culture (0.68%), and paper and wood (0.65%) rose.

Many of the top 10 market capitalization stocks showed weakness. Seegene had the largest drop at 4.84%. This was followed by HL Biopharma (-3.50%), Celltrion Pharm (-1.91%), Celltrion Healthcare (-1.23%), Alteogen (-0.45%), and CJ ENM (-0.28%). Kakao Games (5.30%), Pearl Abyss (2.29%), SK Materials (0.78%), and EcoPro BM (0.19%) rose.

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