Growing Drop... Foreigners and Institutions 'Selling' Push KOSPI Down to 3220 Level

KOSDAQ Gains Narrow

[Image source=Yonhap News]

[Asia Economy Reporter Gong Byung-sun] The KOSPI's decline is widening due to selling pressure from foreigners and institutions.

At 1:56 PM on the 11th, the KOSPI recorded 3,222.83, down 0.63% (20.36 points) from the previous trading day. At 1:46 PM on the same day, the KOSPI had fallen as low as 3,219.90.

Selling pressure from foreigners and institutions is strong. Foreigners and institutions net sold 1.0355 trillion KRW and 170 billion KRW, respectively. Individuals net bought 1.1903 trillion KRW.

Sector indices showed mixed results. The medical precision sector had the largest gain at 5.18%. This was followed by banks (4.62%), pharmaceuticals (1.98%), transportation and warehousing (1.17%), and finance (1.00%). On the downside were electrical and electronics (-2.09%), services (-1.08%), non-metallic minerals (-1.04%), food and beverages (-1.01%), and electric and gas utilities (-1.00%).

Most of the top 10 market capitalization stocks declined. SK Hynix had the largest drop at 6.22%. Samsung Electronics (-1.75%), Kakao (-1.02%), LG Chem (-0.94%), Samsung SDI (-0.87%), and NAVER (-0.34%) also fell. KakaoBank (5.60%), Celltrion (4.63%), and Samsung Biologics (2.64%) rose. Hyundai Motor remained flat.

At the same time, the KOSDAQ recorded 1,053.03, up 0.09% (0.96 points) from the previous trading day. It had risen to 1,057.03 at 11:21 AM.

Individuals and foreigners led the gains. Individuals and foreigners net bought 95.5 billion KRW and 1.1 billion KRW, respectively. Institutions net sold 76.6 billion KRW.

Many sectors showed weakness. Semiconductors had the largest decline at 1.76%. This was followed by machinery and equipment (-1.50%), broadcasting services (-1.51%), paper and wood (-1.49%), general electrical and electronics (-1.37%), and telecommunications and broadcasting services (-1.31%). On the upside were distribution (3.14%), internet (2.27%), pharmaceuticals (2.21%), and medical and precision instruments (1.23%).

The top 10 market capitalization stocks showed mixed performance. Celltrion Pharm's gain was the largest at 12.62%. This was followed by Celltrion Healthcare (6.35%), SK Materials (5.07%), L&F (3.89%), and Seegene (0.84%). Kakao Games (-2.99%), EcoPro BM (-1.79%), Pearl Abyss (-1.42%), HLB (-1.40%), and Alteogen (-0.12%) declined.

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