KOSPI Barely Holds 2600 Level... Foreigners and Institutions 'Sell Off'

On the 8th, the KOSPI index opened at 2,633.53, up 7.19 points (0.27%), as dealers were busy working in the Hana Bank dealing room in Euljiro, Seoul. The won-dollar exchange rate started at 1,255.0 won, down 2.7 won. Photo by Moon Honam munonam@

[Asia Economy Reporter Junho Hwang] On the 9th, the KOSPI is barely holding above the 2600 mark.

As of 11:05 AM, the KOSPI is at 2609.53, down 0.63% from the previous close. While individual investors are net buyers with purchases worth 266.7 billion KRW, foreign investors and institutions are net sellers with sales worth 162.5 billion KRW and 127.4 billion KRW respectively, causing the index to trend downward.

Among all listed stocks, 727 are declining. Major market capitalization stocks are also struggling. Samsung Electronics is trading down 0.77% at 64,800 KRW, and LG Energy Solution is also down 0.47%. On the other hand, SK Hynix is up 0.47%, and LG Chem is up 0.17%.

By sector, banks (1.25%), non-metallic minerals (0.80%), and chemicals (0.20%) are showing gains. Conversely, sectors such as textiles and apparel (-2.18%), transportation and warehousing (-2.18%), and construction (-1.87%) are experiencing relatively large declines.

The KOSDAQ is in a similar situation, down 0.73% from the previous close at 868.57. Individual investors are net buyers with purchases worth 110.3 billion KRW, but foreign and institutional investors are net sellers with sales worth 97.2 billion KRW and 16 billion KRW respectively.

Among all stocks, over 1,000 are declining, while among the top market cap stocks, only Ecopro BM (3.13%), L&F (0.80%), HLB (0.26%), and Chunbo (0.39%) are showing gains. By sector, other services and electrical and electronics sectors are recording increases in the 1% range.

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