KOSPI and KOSDAQ Turn Lower Early in Session... Institutions and Foreigners Sell, Losing 2500 Level

[Image source=Yonhap News]

[Asia Economy Reporter Kwon Jae-hee] The KOSPI index started higher but turned lower in the early session. Although it closed above the 2500 level the previous day, it fell below 2500 in the early session due to simultaneous selling by foreigners and institutions.

As of 9:10 a.m. on the 19th, the KOSPI index was trading at 2498.83, down 0.37% (9.22 points) from the previous trading day. The index opened at 2510.72, up 0.11% (2.67 points) from the previous day.

By investor type, individual investors alone bought stocks worth 129.6 billion KRW. In contrast, foreigners and institutions sold stocks worth 81.9 billion KRW and 48.3 billion KRW, respectively.

The top 10 stocks by market capitalization showed mixed trends. LG Energy Solution (0.22%), SK Hynix (0.52%), LG Chem (0.15%), Samsung SDI (0.48%), and Hyundai Motor (0.81%) recorded gains, while Samsung Electronics (-0.98%), Samsung Biologics (-0.23%), Samsung Electronics Preferred (-1.06%), NAVER (-1.00%), and Kakao (-3.28%) declined.

At the same time, the KOSDAQ index was also down 0.12% (0.97 points) at 825.09. The KOSDAQ opened at 827.25, up 0.14% (1.19 points) from the previous day.

By investor type, individual investors again were net buyers with purchases worth 59.9 billion KRW, while foreigners and institutions sold stocks worth 51.2 billion KRW and 6.1 billion KRW, respectively.

Among the top market cap stocks, all except L&F (1.01%), HLB (0.98%), and EcoPro (0.08%) were down. These include Celltrion Healthcare (-0.66%), EcoPro BM (-0.17%), Kakao Games (-2.62%), Pearl Abyss (-1.21%), Celltrion Pharm (-1.20%), Alteogen (-2.01%), and Chunbo (-0.82%).

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