Foreigners Maintain Uptrend in KOSPI and KOSDAQ Despite 'Palja'

[Asia Economy Reporter Kwon Jae-hee] While foreigners are net sellers in both the KOSPI and KOSDAQ markets, institutions are leading net buying in both markets, maintaining an upward trend in the morning for both KOSPI and KOSDAQ.

At 10:36 AM on the 13th, the KOSPI stood at 2687.54, up 0.78% (20.78 points) from the previous trading day. The KOSPI opened at 2677.53, up 0.40% (10.77 points) from the previous day. While individuals and foreigners are showing net selling, institutions continue their net buying. Currently, institutions have purchased stocks worth 114.7 billion KRW, while individuals and foreigners have sold stocks worth 70.9 billion KRW and 41.9 billion KRW, respectively.

By sector, the upward trend was seen in transportation equipment (1.89%), electricity and gas (1.71%), steel and metals (1.57%), machinery (1.33%), electrical and electronics (1.08%), manufacturing (1.00%), paper and wood (0.76%), chemicals (0.71%), services (0.60%), and construction (0.53%).

Among the top market capitalization stocks, most showed gains. Only NAVER (-0.49%) declined, while Samsung Electronics (0.90%), LG Energy Solution (1.22%), SK Hynix (0.45%), Samsung Biologics (0.76%), Kakao (1.38%), Hyundai Motor (0.84%), Samsung SDI (3.12%), and LG Chem (0.20%) rose.

The domestic stock market is interpreted as being stimulated by the fact that the U.S. Consumer Price Index (CPI) announced the previous day, although it recorded the highest level in 40 years, was not as high as feared. However, with the Federal Reserve's possibility of a big rate hike (0.50 percentage points) increasing, foreigners maintained their selling positions.

At the same time, the KOSDAQ index stood at 920.03, up 0.68% (6.21 points) from the previous trading day. The index opened at 915.89, up 0.23% (2.07 points) from the previous day, maintaining an upward trend. Regarding investor trends, individuals and institutions are net buyers of stocks worth 39.1 billion KRW and 11.8 billion KRW, respectively, while foreigners sold stocks worth 44.0 billion KRW.

Among the top market capitalization stocks, EcoPro BM (1.67%), Celltrion Healthcare (1.34%), Celltrion Pharm (1.48%), HLB (3.61%), and Chunbo (0.97%) rose, while L&F (-0.13%), Pearl Abyss (-1.79%), Kakao Games (-0.90%), and Wemade (-0.82%) declined.

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