KOSPI Shows Mixed Trends Around 2590 in the Afternoon... Foreigners and Institutions Both 'Selling'

[Image source=Yonhap News]

[Asia Economy Reporter Lee Jung-yoon] On the afternoon of the 11th, the KOSPI is showing mixed trends around the 2590 level. While foreigners and institutions are selling, individuals are defending the index from falling.

As of 2:03 PM, the KOSPI index stood at 2595.18, down 1.38 points (0.05%) from the previous day. Foreigners and institutions sold approximately 196.6 billion KRW and 156.1 billion KRW respectively, while individuals net bought about 334.2 billion KRW.

Among the top market capitalization stocks, Samsung SDI fell 1.35%, showing weakness. Samsung Biologics also dropped 0.50%. LG Chem rose 3.59%, followed by Hyundai Motor (2.22%), Kia (2.14%), SK Hynix (1.82%), and Kakao (1.56%) showing strength.

By sector, Medical Precision (2.93%), Transportation & Warehousing (2.09%), and Paper & Wood (1.71%) were on the rise, while Insurance (-2.63%), Electric & Gas Utilities (-2.08%), Securities (-2.01%), and Non-metallic Minerals (-1.83%) declined.

At the same time, the KOSDAQ index recorded 863.38, up 7.24 points (0.85%) from the previous session. The KOSDAQ started lower but then turned upward. Individuals and institutions net bought about 33.1 billion KRW and 26.0 billion KRW respectively, while foreigners sold approximately 50.3 billion KRW.

Among the top market capitalization stocks, HLB rose 5.36%, recording the largest gain. Rino Industrial also increased by 5.06%.

The domestic stock market is in a wait-and-see mode ahead of the release of the US April Consumer Price Index. Lee Kyung-min, a researcher at Daishin Securities, explained, "The KOSPI is fluctuating around the 2590 level amid simultaneous selling by foreigners and institutions. If the US inflation data aligns with consensus and signals that the peak has passed, concerns about monetary policy burdens and policy slowdown that have increased downward pressure on the market are expected to recede, bringing relief to the market."

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