KOSPI Turns Down Amid Foreign and Institutional Dual Selling... Returns to 2600 Level
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[Asia Economy Reporter Myung-Hwan Lee] On the morning of the 8th, the KOSPI index is showing a downward trend. It initially rose after the opening, recovering to the 2710 level, but fell again below the 2690 level due to selling by foreigners and institutions. The KOSDAQ index is also falling in tandem.
As of 10:36 a.m. today, the KOSPI index stands at 2687.59. The KOSPI opened at 2706.64, up 0.40% (10.78 points) from the previous trading day, and rose to the 2710 level, but then sharply declined, retreating below the 2700 level. By investor type, individuals alone are buying 209.9 billion KRW, while foreigners and institutions are net selling 98.9 billion KRW and 115.8 billion KRW, respectively.
Looking at the top market capitalization stocks, Samsung Electronics is trading at 68,100 KRW, up 0.15% (100 KRW) from the previous day. LG Energy Solution and Samsung SDI are also trading higher by 1.03% and 0.69%, respectively. On the other hand, most stocks are declining. Kakao (-2.30%) and Naver (-2.18%) are seeing significant drops. SK Hynix (-1.76%), Samsung Biologics (-1.11%), and Hyundai Motor (-0.84%) are also on a downward trend.
At the same time, the KOSDAQ index is at 925.11. The KOSDAQ opened at 931.98, up 0.43% (4.03 points) from the previous day, but is gradually falling. By investor type, individuals alone are buying 51.1 billion KRW, while foreigners and institutions are selling 34.2 billion KRW and 14.7 billion KRW, respectively.
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By market capitalization, EcoPro BM surged 8.65% (37,200 KRW) to 467,300 KRW, solidifying its position as the top market cap stock on KOSDAQ. L&F (2.26%) and Cheonbo (0.81%) are also rising. All other stocks are declining. Pearl Abyss dropped significantly by 3.50% (3,600 KRW) to 99,400 KRW. Game stocks such as Wemade (-1.77%) and Kakao Games (-1.19%) are generally weak. Celltrion-related stocks, including Celltrion Healthcare (-1.44%) and Celltrion Pharm (-1.31%), are also falling.
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