KOSPI Weakens Early Session Amid Foreign and Institutional Selling... Falls Below 2320 Level

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 Jinhyung Kang aymsdream@

[Asia Economy Reporter Myung-hwan Lee] On the morning of the 12th, the KOSPI is showing weakness, falling nearly 1%. The selling pressure from foreigners and institutions is gradually increasing the index's decline.

As of 9:28 a.m., the KOSPI is at 2318.59, down 0.93% (21.68 points) from the previous trading day. The KOSPI opened at 2330.88, down 0.40% (9.39 points), and the downward trend is intensifying.

By investor type, individuals are the only buyers, purchasing 52.7 billion KRW worth, while foreigners and institutions are net sellers of 29.8 billion KRW and 22.5 billion KRW respectively.

Many of the top market capitalization stocks in the KOSPI are declining. NAVER is trading at 233,500 KRW, down 2.91% (7,000 KRW) from the previous day. Samsung SDI is also trading down 1.90%. Additionally, ▲Samsung Electronics (-0.68%) ▲SK Hynix (-1.60%) ▲Samsung Biologics (-0.97%) ▲Samsung Electronics Preferred (-1.66%) ▲LG Chem (-0.96%) are all in a downward trend. Hyundai Motor (0.28%) and Kia (0.64%), expected to report strong Q2 earnings, are slightly rising despite the overall decline.

By sector, electric and gas utilities (0.46%) and transportation equipment (0.29%) are slightly up, while securities (-2.45%), non-metallic minerals (-2.16%), and medical precision (-1.75%) are leading the declines.

At the same time, the KOSDAQ index is at 755.19, down 1.54% (11.85 points) from the previous day. The KOSDAQ opened at 762.18, down 0.63% (4.86 points), and the decline is widening.

Similarly, individuals are net buyers of 108.1 billion KRW on the KOSDAQ, while foreigners and institutions are net sellers of 71.7 billion KRW and 20.9 billion KRW respectively.

Among the top market capitalization stocks on the KOSDAQ, pharmaceutical and bio-related stocks are rising. Alteogen is trading at 62,600 KRW, up 1.29% (800 KRW) from the previous day. Celltrion Healthcare (0.42%) is also on the rise. Conversely, L&F (-2.95%), EcoPro BM (-2.71%), Studio Dragon (-2.54%), and Pearl Abyss (-2.52%) are declining.

By sector, food and tobacco (1.75%) are rising, while non-metallic (-2.49%), semiconductors (-2.50%), and general electric and electronics (-2.38%) are leading the declines.

Sang-young Seo, Head of Media Content at Mirae Asset Securities, commented on the domestic stock market on the 12th, saying, "The U.S. stock market fell yesterday ahead of the earnings season due to concerns about earnings and the strengthening of the dollar, which is a burden on the Korean stock market," adding, "The direction will be determined by the scale of foreign selling due to the weak won."

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