KOSPI Stays Flat Near 2350 Level... Institutions and Foreigners Net Sellers

On the 11th, KOSPI opened at 2,357.43, up 6.82 points (0.29%) from the previous trading day, as dealers were working in the Hana Bank dealing room in Jung-gu, Seoul. On the same day, the won-dollar exchange rate started trading at 1,297.0 won, down 3.4 won from the previous trading day. Photo by Kang Jin-hyung aymsdream@

[Asia Economy Reporter Myung-hwan Lee] The KOSPI continued to trade flat in the afternoon session on the 11th. Foreign investors, who alternated between buying and selling in the morning session, solidified their trading direction with a net selling of nearly 50 billion KRW.

As of 1:55 p.m. on the day, the KOSPI stood at 2,348.56, down 0.09% (2.05 points) from the previous trading day. The KOSPI opened at 2,357.43, up 0.29% (6.82 points) from the previous day, maintained a firm tone in the morning, but the downward trend intensified around noon. It then rebounded and returned to a flat trend.

By investor type, individuals alone net bought stocks worth 207 billion KRW, while foreigners and institutions sold stocks worth 48.6 billion KRW and 166.2 billion KRW, respectively. Foreign investors, who showed weak selling pressure in the morning session, increased their selling volume in the afternoon.

Among the top market capitalization stocks in the KOSPI, individual stock movements are observed. LG Energy Solution is trading at 399,500 KRW, up 2.96% (11,500 KRW) from the previous day, while ▲Samsung Electronics (0.68%), ▲Samsung Biologics (1.34%), ▲Samsung Electronics Preferred (0.19%), ▲Hyundai Motor (1.40%), and ▲Kakao (0.14%) are also rising. On the other hand, ▲LG Chem (-3.33%), ▲Samsung SDI (-1.30%), ▲Naver (NAVER) (-2.81%), and ▲SK Hynix (-0.42%) are declining.

By sector, Medical Precision rose sharply by 4.29%. Pharmaceuticals (1.62%) and Telecommunications (1.28%) are also up. Conversely, Transportation & Warehousing (-2.68%), Textiles & Apparel (-2.54%), and Chemicals (-2.05%) are falling.

At the same time, the KOSDAQ index stood at 768.75, up 0.30% (2.27 points) from the previous trading day. The KOSDAQ index started at 767.89, up 0.18% (1.41 points) from the previous day, and has maintained a flat trend.

Among KOSDAQ investors, individuals alone net bought stocks worth 145.5 billion KRW, while foreigners and institutions net sold stocks worth 113.4 billion KRW and 29.4 billion KRW, respectively.

Among the top market capitalization stocks in KOSDAQ, Seegene stands out with a 6.60% (1,300 KRW) rise to 47,650 KRW. Celltrion Healthcare (0.56%), HLB (0.62%), Kakao Games (0.10%), and Studio Dragon (1.77%) are also rising. Conversely, L&F (-2.01%), Pearl Abyss (-2.09%), EcoPro BM (-3.20%), and Alteogen (-2.35%) are declining.

By KOSDAQ sector, Pharmaceuticals (1.91%), Food, Beverage & Tobacco (1.78%), and Entertainment & Culture (1.39%) are rising, while General Electric & Electronics (-1.95%) and Other Manufacturing (-1.98%) are falling.

The securities industry analyzed that the flat market today was influenced by the possibility of the U.S. Federal Reserve's (Fed) interest rate hike. Lee Kyung-min, a researcher at Daishin Securities, said, "Although concerns about a recession eased after last week's U.S. nonfarm payroll data, the possibility of aggressive Fed interest rate hikes was reaffirmed. This week, major economic indicators such as U.S. consumer prices, retail sales, industrial production, China's exports and imports, second-quarter GDP growth rate, and June real economy indicators are scheduled, which is also contributing to cautious sentiment."

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