KOSPI Reverses to Decline Due to Institutional and Foreign Selling... Trading at 2690 Level

[Image source=Yonhap News]

[Asia Economy Reporter Lee Jung-yoon] The KOSPI, which had recovered to the 2700 level, turned downward on the 18th as selling pressure from institutions and foreigners increased.

The KOSPI index, which started higher, turned downward from 10:06 a.m. that day. As of 10:10 a.m., the index stood at 2690.05, down 0.17% (4.46 points) from the previous trading day. Although individuals net bought 185.9 billion KRW, institutions and foreigners net sold 104.6 billion KRW and 71.1 billion KRW respectively, leading the index decline.

Among the top market capitalization stocks, LG Chem rose 2.02%, Kakao 1.41%, Samsung Biologics 0.98%, and Hyundai Motor 0.59%. SK Hynix (-1.21%), LG Energy Solution (-1.06%), Samsung Electronics (-0.98%), and Samsung SDI (-0.98%) declined.

At the same time, the KOSDAQ index recorded 916.78, down 0.18% (1.63 points) from the previous session. Individuals net bought 142.6 billion KRW, while institutions and foreigners net sold 50.2 billion KRW and 61.8 billion KRW respectively. Kakao Games rose 2.04%, Pearl Abyss 1.08%, and Cheonbo 0.66%, while HLB (-4.11%) and Wemade (-2.49%) declined.

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