Foreign and Institutional Selling Leads Early Decline in Domestic Stock Market... KOSPI Fluctuates Around 2400 Level

[Image source=Yonhap News]

[Asia Economy Reporter Lee Jung-yoon] The domestic stock market is showing weakness in the early session. The KOSPI index fluctuated around the 2400 level before widening its losses.

As of 9:13 a.m. on the 26th, the KOSPI index stood at 2397.60, down 6.09 points (0.25%) from the previous close. The index opened at 2397.27, down 6.42 points (0.27%) from the previous close, briefly recovered above 2400, but then widened its losses. Individual investors net bought about 60.3 billion KRW, while foreigners and institutions net sold about 33.5 billion KRW and 25.5 billion KRW, respectively.

At the same time, the KOSDAQ index fell 3.12 points (0.40%) to 786.57. The KOSDAQ opened at 788.76, down 0.93 points (0.12%), but the losses widened early in the session. Individual investors bought stocks worth 57.3 billion KRW, helping to curb the index's decline. Foreigners and institutions net sold about 41.2 billion KRW and 13.5 billion KRW, respectively.

The domestic stock market is expected to show limited movement ahead of the U.S. Federal Open Market Committee (FOMC) meeting scheduled for the 27th (local time). Ji-young Han, a researcher at Kiwoom Securities, explained, "The domestic stock market is expected to show a limited trend due to cautious sentiment ahead of a major event during the week."

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