KOSPI, Foreigners Net Sell Over 1 Trillion Won...Intraday Weakness at '3210 Level'

[Image source=Yonhap News]

[Asia Economy Reporter Ji-hwan Park] On the afternoon of the 12th, the KOSPI showed a downward trend due to foreign investors' selling pressure exceeding 1 trillion won.

As of 1:35 PM that day, the KOSPI stood at 3,212.72, down 7.90 points (0.25%) from the previous trading day. The index opened at 3,213.58, down 7.04 points (0.22%) from the previous session, and fluctuated around the flat line thereafter.

By investor type, foreign investors recorded a net sale of 1.3532 trillion won, maintaining a selling dominance for four consecutive trading days. The large-scale net selling by foreign investors in the domestic stock market is analyzed to be influenced by the sharp increase in new domestic COVID-19 cases, accelerated tapering discussions following strong U.S. July employment data, and global investment banks lowering their semiconductor sector weightings. Meanwhile, individual and institutional investors bought 1.0862 trillion won and 274.5 billion won respectively, helping to cushion the index decline.

Among the top 10 stocks by market capitalization, Samsung Electronics (-1.66%) and SK Hynix (-5.21%), which fell sharply the previous day, continued their downward trend. Both stocks are hitting their lowest prices of the year. NAVER (-1.01%), KakaoBank (-0.67%), and Samsung Biologics (-0.51%) also showed weakness. On the other hand, Kakao (2.43%), LG Chem (2.59%), Samsung SDI (1.62%), and Hyundai Motor (0.46%) rose.

At the same time, the KOSDAQ rose 2.02 points (0.19%) to 1,053.94. Individual investors were the sole net buyers with 176.1 billion won, while foreign and institutional investors were net sellers of 95.2 billion won and 76.3 billion won respectively.

Among the top 10 stocks by market capitalization, performances were mixed. L&F (6.82%), EcoPro BM (2.80%), and Celltrion Pharm (0.96%) rose, while Celltrion Healthcare (-0.58%), Kakao Games (-1.86%), and Pearl Abyss (-0.15%) declined.

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