KOSPI Weak Below 2500... "Foreign Investors Burdened by Exchange Rate Surpassing Previous High"

[Image source=Yonhap News]

[Asia Economy Reporter Kwon Jaehee] The KOSPI index continues to show a weak trend.

At 10:50 AM on the 19th, the KOSPI index was trading at 2499.99, down 0.32% (8.06 points) from the previous trading day. The index opened at 2510.72, up 0.11% (2.67 points) from the previous day, but turned downward early in the session and has been weak below the 2500 level.

By investor type, individual investors alone bought stocks worth 269.3 billion KRW. Meanwhile, foreigners and institutions sold stocks worth 136.2 billion KRW and 138.4 billion KRW respectively, pulling the index down.

By sector, transportation equipment (1.44%), textiles and apparel (0.63%), insurance (0.36%), food and beverage (0.30%), and distribution (0.10%) recorded gains, while medical precision (-2.12%), non-metallic minerals (-1.06%), services (-0.72%), electrical and electronics (-0.62%), construction (-0.52%), electricity and gas (-0.52%), securities (-0.51%), and steel and metals (-0.51%) declined.

The top 10 stocks by market capitalization showed mixed trends. SK Hynix (1.46%), Samsung Biologics (0.11%), LG Chem (0.77%), and Hyundai Motor (2.42%) recorded gains, while Samsung Electronics (-0.98%), LG Energy Solution (-0.66%), Samsung Electronics Preferred (-1.06%), Samsung SDI (-0.64%), NAVER (-0.60%), and Kakao (-2.78%) declined.

At the same time, the KOSDAQ index was also down 0.41% (3.37 points) at 822.69. 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 122.1 billion KRW worth of stocks. Foreigners and institutions sold stocks worth 80.4 billion KRW and 34.9 billion KRW respectively.

By sector, telecommunications services (2.79%), information devices (1.79%), metals (1.54%), textiles and apparel (0.78%), transportation equipment/parts (0.74%), and other manufacturing (0.50%) recorded gains. Food and tobacco (-1.47%), digital content (-0.95%), general electrical and electronics (-0.89%), paper and wood (-0.87%), and IT software (-0.83%) declined.

Among the top 10 stocks by market capitalization, Pearl Abyss (0.87%) was the only one to record gains. HLB was flat, while all other stocks declined, including Celltrion Healthcare (-0.27%), EcoPro BM (-1.70%), L&F (-1.79%), Kakao Games (-2.27%), Celltrion Pharm (-0.72%), EcoPro (-0.25%), Alteogen (-1.00%), and Chunbo (-3.25%).

Han Ji-young, a researcher at Kiwoom Securities, explained, "Hawkish remarks from Fed officials have continued, highlighting uncertainty about the future path of interest rate hikes. Today, the domestic stock market is expected to show limited price movement due to factors such as foreign investor supply pressure following the won-dollar exchange rate surpassing 1320 won again."

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