KOSPI Closes Lower Amid Institutional and Foreign Net Selling

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[Asia Economy Reporter Minji Lee] The KOSPI closed lower due to net selling by institutions and foreigners.

On the 9th, the KOSPI closed at 3,260.42, down 0.3% (9.94 points) from the previous trading day. The KOSPI opened at 3,258.10, up 0.37% (12.26 points) from the previous day, and even turned to an intraday rise, but soon closed lower. Looking at investor trends, individuals bought stocks worth 950 billion KRW, while foreigners and institutions sold stocks worth 206.5 billion KRW and 746.8 billion KRW, respectively.

By sector, only the financial industry rose about 1.20%. Pharmaceuticals (-1.96%), machinery (-1.80%), construction (-1.67%), and transportation and warehousing (-1.27%) also declined. Among the top market capitalization stocks, Samsung Electronics remained flat, while NAVER (0.67%), Kakao (1.72%), LG Chem (0.48%), Samsung SDI (0.26%), and KakaoBank (12.46%) rose. Conversely, SK Hynix (-1.69%), Samsung Biologics (-1.09%), and Hyundai Motor (-0.67%) also fell.

The KOSDAQ index closed at 1,060.00, up 0.02% (0.20 points) from the previous trading day. The KOSDAQ opened at 1,059.29, up 0.05% (0.51 points) from the previous day, widened its early losses, then showed a flat trend in the afternoon before closing higher. Looking at investor trends, individuals alone bought stocks worth 449 billion KRW, while foreigners and institutions sold stocks worth 73.3 billion KRW and 332.2 billion KRW, respectively.

Among the top market capitalization stocks, Celltrion Healthcare and Celltrion Pharm fell 2.74% and 3.48%, respectively. Others such as EcoPro BM (7.07%), Kakao Games (0.61%), SK Materials (3.29%), HLB (0.83%), and CJ ENM (0.37%) rose.

Lee Kyung-min, a researcher at Daishin Securities, said, “The KOSPI is hesitating near the upper end of the box range due to the spread of COVID-19, last weekend’s employment data surprise, and supply-demand instability caused by KakaoBank’s listing.” He added, “Despite uncertainty factors and resulting economic anxiety, the improvement in the economy and corporate profits continues, which is positive.”

The researcher explained, “Although the market is again pressured by uncertainty factors early this week, it is necessary to focus on the fact that the fundamental momentum remains valid.”

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