KOSPI Turns to Net Selling by Foreigners... LG Chem Falls Below 500,000 Won

Construction Sector Maintains Strong Uptrend in the Afternoon
KOSPI Turns to Foreigners' 'Selling'

[Asia Economy Reporter Hwang Yoon-joo] Both the KOSPI and KOSDAQ indices continue to maintain an upward trend in the afternoon. The KOSPI's rise slightly slowed as foreign investors turned to 'selling.' Among the top market capitalization stocks, Hyundai Motor and LG Chem reversed to a decline.

As of 2 PM on the 10th, the KOSPI stands at 2669.63, up 1.80% (47.23 points) from the previous trading day. The KOSPI opened at 2660.86, up 1.47% (38.46 points) from the previous day. Early in the session, it rose as much as 2.30% (60.39 points) to 2682.79.

Looking at investor trends, institutions are the sole net buyers with 187.6 billion KRW in net purchases. Foreign investors, who were net buyers in the morning, turned to net selling with 1.8 billion KRW, and individuals are also selling off with 201.9 billion KRW.

By sector, construction (+5.26%), services (+4.57%), distribution (+3.25%), insurance (+2.05%), electrical and electronics (+1.75%), non-metallic minerals (+1.87%), finance (+1.85%), and electricity and gas (+1.30%) ranked among the top gainers.

Among the top market capitalization stocks, unlike in the morning, Hyundai Motor (-0.30%) and LG Chem (-0.99%) reversed to declines. LG Chem fell below the 500,000 KRW level. Samsung Electronics (+1.44%), LG Energy Solution (+4.14%), SK Hynix (+1.27%), Samsung Biologics (+1.95%), Samsung SDI (+0.60%), and Kia (+1.44%) showed gains.

It is interpreted that the selling pressure affecting the stock prices was due to the rebalancing of KOSPI 200, KRX BBIG, and K-New Deal indices on the 11th, which excluded LG Chem and included LG Energy Solution.

The KOSDAQ index is trading at 886.36, up 1.86% (16.22 points) from the previous trading day. The KOSDAQ opened at 885.05, up 1.71% (14.91 points), and then rose above 2%.

By sector, construction (+3.01%) again had the highest gain. Entertainment and culture (+2.65%), finance (+2.24%), chemicals (+2.25%), IT components (+2.30%), non-metallic (+2.15%), broadcasting services (+2.26%), and publishing and reproduction (+2.20%) were among the top gainers.

Among the top market capitalization stocks, only Celltrion Healthcare (-0.76%) is in decline. EcoPro BM (+1.89%), Pearl Abyss (+0.77%), L&F (+4.58%), Kakao Games (+3.79%), Wemade (+1.18%), HLB (+2.56%), Chunbo (+5.75%), and Seegene (+2.05%) are showing gains.

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