Foreigners and Institutions 'Sell' Weigh on Early Domestic Stock Market... KOSPI Down 0.78%

[Asia Economy Reporter Lee Jung-yoon] The domestic stock market is weak on the 31st amid ongoing concerns about tightening.

As of 9:10 a.m. on the day, the KOSPI index was recorded at 2431.80, down 19.13 points (0.78%) from the previous trading day. The index started at 2433.47, down 17.46 points (0.71%), and the decline widened thereafter. Individual investors alone bought about 130 billion KRW worth of stocks, preventing the index from falling further. Foreigners and institutions sold net amounts of approximately 81.8 billion KRW and 50.3 billion KRW, respectively.

At the same time, the KOSDAQ index was down 3.49 points (0.44%) to 793.53. While individual investors were net buyers of about 42.3 billion KRW, foreigners and institutions sold stocks worth approximately 32.8 billion KRW and 7.7 billion KRW, respectively.

Following Federal Reserve Chairman Jerome Powell's hawkish remarks at the Jackson Hole meeting, the U.S. stock market closed lower amid concerns over aggressive tightening. On the 30th (local time), the Dow Jones Industrial Average fell 308.12 points (0.96%) to 31,790.87, the large-cap S&P 500 index closed down 44.45 points (1.10%) at 3,986.16, and the tech-heavy Nasdaq index ended trading at 11,883.14, down 134.53 points (1.12%).

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