Due to Institutional Selling... KOSPI Falls to 2981 Level

Early Gains Turn to Decline in KOSDAQ
Kakao Affiliates Show Strength

[Image source=Yonhap News]

[Asia Economy Reporter Gong Byung-sun] The KOSPI is faltering amid institutional selling pressure. However, Kakao affiliates showed strength.

As of 1:50 PM on the 25th, the KOSPI recorded 2,981.60, down 0.42% (12.69 points) from the previous day. It had fallen to 2,973.24 at 10:55 AM that day.

Foreigners and institutions sold a net 49.4 billion KRW and 216.2 billion KRW, respectively. Meanwhile, individuals bought a net 234.2 billion KRW.

Most sectors declined. The textile and apparel sector had the largest drop at 1.75%. This was followed by distribution (-1.41%), paper and wood (-1.26%), electrical and electronics (-1.25%), insurance (-1.19%), and transportation and warehousing (-0.86%). On the upside were non-metallic minerals (3.71%), banking (2.58%), medical precision (1.70%), finance (0.69%), and securities (0.05%).

Many of the top 10 market capitalization stocks showed weakness. Samsung SDI had the largest decline at 1.92%, followed by SK Hynix (-1.26%), Samsung Electronics (-1.20%), Kia (-0.96%), LG Chem (-0.80%), and Hyundai Motor (-0.24%). Kakao Bank (3.40%), Kakao (2.41%), and NAVER (0.51%) rose. Samsung Biologics remained flat.

At the same time, the KOSDAQ recorded 1,018.62, down 0.15% (1.51 points) from the previous day. Although it showed an early morning rise, it turned downward at 10:12 AM and has been mixed since.

Foreign selling pressure is strong. Foreigners sold a net 113 billion KRW. Individuals and institutions bought net 116.4 billion KRW and 22.5 billion KRW, respectively.

Many sectors showed weakness. Broadcasting services had the largest drop at 5.46%, followed by telecommunications and broadcasting services (-4.10%), semiconductors (-1.47%), computer services (-1.35%), and internet (-1.27%). On the upside were telecommunications equipment (1.55%), digital content (1.24%), pharmaceuticals (0.97%), entertainment and culture (0.74%), and textiles and apparel (0.60%).

The top 10 market capitalization stocks were mixed. L&F had the largest decline at 2.12%, followed by EcoPro BM (-1.77%), Pearl Abyss (-1.67%), Wemade (-1.29%), and Celltrion Healthcare (-0.35%). Kakao Games (6.13%), Celltrion Pharm (0.90%), HLB (0.78%), SK Materials (0.73%), and Chunbo (0.37%) rose.

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