KOSPI Turns Down... Institutional Investors' 'Profit-Taking'

[Asia Economy Reporter Hwang Junho] The KOSPI, which started higher, turned lower due to selling pressure from institutional investors.

As of 10:50 a.m. on the 6th, the KOSPI is trading at 3,266.80, down 9.33 points (0.28%) from the previous day.

The KOSPI opened at 3,277.06, up 0.03% from the previous session, and extended its gains. However, the upward momentum was halted as institutions sold a net 227.3 billion KRW. Individual investors also sold a net 28.7 billion KRW. On the other hand, foreign investors bought a net 270.7 billion KRW. Among all listed stocks, 539 are declining while 293 are rising.

Large-cap stocks are also struggling. Samsung Electronics is down 0.61% at 81,600 KRW, and SK Hynix is down 1.67% at 118,000 KRW. NAVER fell 0.11%, Kakao dropped 2.01%, and LG Chem declined 1.17%.

The KOSDAQ is also in a downtrend. As of this time, it is trading at 1,055.94, down 0.34%. Foreign investors, who had been leading the KOSDAQ's rise, are selling a net 107.9 billion KRW, while individual investors are buying a net 183 billion KRW. Institutions are selling a net 60.3 billion KRW.

Top market cap stocks are also declining. Celltrion Healthcare (-0.43%), EcoPro BM (-0.95%), Kakao Games (-2.14%), Celltrion Pharm (-1.03%), and Pearl Abyss (-0.55%) are all showing downward trends.

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