Foreigners and Institutions Sell Together, Domestic Stock Market Declines... KOSDAQ Down 2.11%

[Image source=Yonhap News]

[Asia Economy Reporter Lee Jung-yoon] The domestic stock market is showing weakness on the 9th due to simultaneous selling by foreigners and institutions.

As of 10:07 a.m., the KOSPI index stood at 2,618.66, down 25.85 points (0.98%) from the previous trading day. Foreigners are net selling about 115.3 billion KRW, institutions about 93.5 billion KRW, while individuals are net buying approximately 203.3 billion KRW to support the index.

Among the top market capitalization stocks, Samsung SDI fell the most, down 2.11%. This was followed by Kia (-2.03%), LG Energy Solution (-1.62%), LG Chem (-0.96%), and Hyundai Motor (-0.82%). Stocks showing gains included Naver (0.92%), SK Hynix (0.47%), Samsung Biologics (0.25%), and Kakao (0.12%).

By sector, textiles and apparel (-5.66%), non-metallic minerals (-2.65%), paper and wood (-2.65%), and construction (-2.55%) declined, while banking (0.11%) and medical precision (0.01%) rose.

At the same time, the KOSDAQ index recorded 865.57, down 18.65 points (2.11%) from the previous session. Foreigners and institutions net sold 80.8 billion KRW and 28.9 billion KRW respectively, while individuals net bought 110.8 billion KRW.

All top market capitalization stocks showed declines. Cheonbo (-2.68%), L&F (-2.11%), EcoPro BM (-1.65%), Celltrion Healthcare (-1.5%), HLB (-1.34%), Celltrion Pharm (-1.16%), CJ ENM (-0.98%), Rino Industries (-0.76%), Pearl Abyss (-0.32%), and Kakao Games (-0.17%) fell in order.

Lee Kyung-min, a researcher at Daishin Securities, explained, "The US stock market fell sharply last week, and the Chinese stock market is also unstable, causing the KOSPI index to drop to the low 2600s. External variables are unstable, and the won-dollar exchange rate is fluctuating around the 1,270 KRW level, resulting in unstable supply and demand from foreigners and institutions."

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