Foreigners 'Net Buying' VS Institutions 'Net Selling'... KOSPI Rises Around 0.4%

[Image source=Yonhap News]

[Asia Economy Reporter Minji Lee] The KOSPI and KOSDAQ indices continue to rise in the afternoon session. Although the yuan showed significant weakness due to concerns over US-China tensions, causing a temporary decline, the upward trend is maintained thanks to net buying by foreign investors.

At 2:09 PM on the 24th, the KOSPI stood at 2445.53, up 0.44% (10.61 points) from the previous trading day. The KOSPI opened at 2446.18, up 0.45% (10.84 points) from the previous day, briefly turned downward during the session, but soon resumed its upward momentum.

The intraday decline was triggered by news that the US government has begun drafting the 'Anti-THAAD Retaliation Act.' The bill reportedly includes export restrictions on seven Chinese companies, raising concerns about escalating US-China conflicts. Following this, the People's Bank of China announced a 0.2% yuan appreciation, leading to yuan weakness and a decline in global stock markets.

The won-dollar exchange rate opened at 1339.5 won, down 6 won from the previous day's 1345.5 won, but is currently trading in the low 1340 won range. Despite this, net buying by foreign investors in the KOSPI market is increasing. Foreigners purchased stocks worth 97.4 billion won, and individuals also net bought stocks worth 2.1 billion won. Only institutions sold stocks, offloading 94 billion won worth.

Among the top market capitalization stocks, Samsung Electronics traded at 59,200 won, up 0.17% from the previous day. LG Energy Solution (0.45%), Samsung Biologics (0.12%), and Samsung SDI (0.68%) rose, while SK Hynix (-0.21%), LG Chem (-0.97%), Hyundai Motor (-0.53%), and Kakao (-0.13%) declined.

At the same time, the KOSDAQ index stood at 786.32, up 0.61% (4.80 points) from the previous day. The KOSDAQ opened at 788.36, up 0.63% (4.94 points), and continued its upward trend. In the current market, individuals bought stocks worth 66 billion won, while foreigners and institutions sold stocks worth 48 billion won and 6.7 billion won, respectively.

Among the top market capitalization stocks, Celltrion Healthcare (0.28%), EcoPro BM (1.79%), HLB (3.11%), Alteogen (3.44%), EcoPro (0.82%), and Studio Dragon (2.34%) rose, while L&F (-0.13%), Celltrion Pharm (-0.64%), Kakao Games (-1.51%), and Pearl Abyss (-0.18%) declined.

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