Institutions and Foreigners 'Sell'... KOSPI Falls Over 0.8%
KOSDAQ Index Falls 0.34%... Gaming and Content Stocks Rally
[Asia Economy Reporter Minji Lee] The KOSPI, which started higher thanks to the strong performance of the U.S. stock market, is showing a decline of around 0.8% in the morning session.
At 10:33 a.m. on the 17th, the KOSPI stood at 2,970.89, down 0.88% (26.32 points) from the previous trading day. The index opened at 3,004.02, up 0.23% (6.81 points) from the previous day. Looking at investor trends, individual investors bought stocks worth 276.3 billion KRW alone, while foreigners and institutions sold stocks worth 16.9 billion KRW and 273.8 billion KRW, respectively.
By sector, most are showing a downward trend. Pharmaceuticals (-2.35%), insurance (-2.26%), and transportation and warehousing (-1.82%) saw the largest declines. Among the top market capitalization stocks, all except Samsung SDI (0.39%) are declining. Samsung Electronics traded at 71,300 KRW, unchanged from the previous day. SK Hynix (-0.89%), NAVER (-1.11%), Samsung Biologics (-2.18%), Kakao (-1.57%), and LG Chem (-0.13%) are all showing declines.
Among major stocks, Korea Circuit showed an intraday rise of over 11%, driven positively by expectations of improved earnings due to the expansion of the smartphone and semiconductor markets. Hanwha Investment & Securities rose more than 5% intraday, which is analyzed to be influenced by news of gaining evaluation profits exceeding 1 trillion KRW from its investment in Dunamu.
At the same time, the KOSDAQ index stood at 1,031.94, down 0.34% (3.52 points) from the previous trading day. The index opened at 1,039.36, up 0.38% (3.90 points) from the previous day. Looking at investor trends, individual investors bought stocks worth 203.8 billion KRW alone, while foreigners and institutions sold stocks worth 153.1 billion KRW and 25 billion KRW, respectively.
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By sector, entertainment and culture (3.94%), publishing and media reproduction (2.24%), digital content (2.21%), and software (1.93%) are showing upward trends. Among the top market capitalization stocks, Pearl Abyss (2.17%), Kakao Games (3.49%), L&F (0.99%), and SK Materials (3.43%) are rising, while Celltrion Healthcare (-3.09%), EcoPro BM (-0.11%), Wemade (-0.78%), and Celltrion Pharm (-4.72%) are declining.
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