KOSPI and KOSDAQ Show Mixed Trends Amid Foreign Selling Pressure

KOSPI and KOSDAQ Started Down but Turned Up in the Morning... Falling Again

[Image source=Yonhap News]

[Asia Economy Reporter Gong Byung-sun] The KOSPI and KOSDAQ are showing mixed trends. Foreigners' selling pressure is leading to declines in both the KOSPI and KOSDAQ.

As of 1:59 PM on the 27th, the KOSPI recorded 3126.95, up 0.05% (1.58 points) from the previous day. The KOSPI, which started the day lower, turned to an upward trend in the morning but shifted back to a decline from 1:41 PM.

Individual and foreign selling pressure is strong. Individuals and foreigners net sold 242.5 billion KRW and 370.4 billion KRW, respectively. Institutions net bought 633.4 billion KRW.

Most sectors rose. The textile and apparel sector had the largest gain at 1.47%, followed by medical precision (1.30%), securities (1.02%), paper and wood (0.94%), and construction (0.40%). On the downside were steel and metals (-1.18%), telecommunications (-0.98%), electrical and electronics (-0.32%), insurance (-0.30%), and manufacturing (-0.15%).

Almost all of the top 10 market capitalization stocks showed weakness. Hyundai Motor had the largest drop at 1.43%, followed by LG Chem (-1.27%), NAVER (-1.18%), SK Hynix (-0.96%), Samsung Biologics (-0.94%), Samsung Electronics (-0.40%), and Samsung SDI (-0.39%). Celltrion (2.64%) and KakaoBank (0.24%) rose. Kakao remained flat.

At the same time, the KOSDAQ recorded 1020.22, down 0.02% (0.22 points) from the previous day. The KOSDAQ also showed mixed trends, alternating between rises and falls. It even rose to 1027.26 at 11:34 AM.

Foreign and institutional selling led to the index decline. Foreigners and institutions net sold 155.9 billion KRW and 62.8 billion KRW, respectively. Individuals net bought 239.6 billion KRW.

Sector indices were mixed. The non-metal sector had the largest gain at 1.90%, followed by construction (1.42%), information devices (0.96%), paper and wood (0.86%), and telecommunications services (0.80%). On the downside were digital content (-1.98%), entertainment and culture (-1.41%), IT software and services (-1.15%), internet (-1.03%), and transportation (-0.98%).

Many of the top 10 market capitalization stocks showed weakness. KakaoGames had the largest drop at 5.27%, followed by Alteogen (-3.45%), L&F (-1.34%), SK Materials (-1.12%), Seegene (-0.16%), and EcoPro BM (-0.06%). Pearl Abyss (1.48%), Celltrion Pharm (0.71%), Celltrion Healthcare (0.57%), and HLB (0.19%) rose.

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