Mixed Trend on Kospi... Fluctuating Around the 3140 Level

KOSDAQ Declines... Foreigners Net Sell Over 200 Billion Won

On the morning of the 25th, the KOSPI index and exchange rates are displayed on the electronic board in the dealing room of Hana Bank's headquarters in Jung-gu, Seoul. [Image source=Yonhap News]

[Asia Economy Reporter Minwoo Lee] The KOSPI is showing mixed trends, fluctuating around the 3140 level. The index is wavering as foreign investors alternate between net buying and net selling.

As of 11:23 AM on the 25th, the KOSPI recorded 3132.70, down 0.18% from the previous day. After a firm start at 3148.13, it has been moving up and down. Around 9:12 AM, it rose to 3161.00 but dropped to 3134.72 by 11:00 AM.

The index appears to be fluctuating due to changes in foreign investor activity. Foreigners continued buying early in the session, recording net purchases worth 31.4 billion KRW around 9:37 AM. However, they gradually reduced their buying and soon switched to net selling, offloading 26.7 billion KRW by 11:15 AM. Meanwhile, individuals and institutions were net buyers at the same time, purchasing 45.1 billion KRW and 6 billion KRW respectively.

The ratio of sectors that rose and fell is similar. Non-metallic minerals (3.69%), textiles and apparel (1.01%), steel and metals (0.91%), and chemicals (0.87%) rose, while banks (-3.10%), pharmaceuticals (-1.80%), and electrical and electronics (-0.68%) declined.

The KOSDAQ also fell 0.38% to 1009.38 at the same time. After a firm start at 1017.96, the decline widened.

Foreigners and institutions’ selling pressure appears to have dragged the index down. They net sold 243.9 billion KRW and 122.6 billion KRW respectively. Only individuals were net buyers, purchasing 378 billion KRW.

Most sectors in the KOSDAQ market are in decline. Digital content (-1.16%), pharmaceuticals (-1.10%), distribution (-1.08%), and telecommunication services (-1.02%) saw the largest drops. Metals (1.38%), chemicals (1.24%), and non-metallic minerals (0.49%) rose.

Han Ji-young, a researcher at Kiwoom Securities, explained, "Following the announcement of Samsung Electronics’ large-scale investment yesterday, market liquidity is concentrating on related beneficiary sectors and stock groups, leading to differentiated market trends by sector and stock. It is also important to note that the sharp rise in the won-dollar exchange rate has calmed this week, and investment sentiment toward emerging markets including China is recovering."

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