Exchange Rate Returns to Around 1370 Won... KOSPI Sees Net Selling by Both Foreigners and Institutions

[Image source=Yonhap News]

[Asia Economy Reporter Minji Lee] As the won-dollar exchange rate surged sharply, foreigners and institutions showed net selling, causing the KOSPI to remain sluggish in the afternoon session.

At 1:34 p.m. on the 6th, the KOSPI stood at 2406.52, up 0.12% (2.84 points) from the previous trading day. The KOSPI opened at 2409.72, up 0.25% (6.04 points) from the previous day, and seemed to continue its upward trend, but it fell below the 2400 level as the exchange rate surged sharply during the session.

The exchange rate, which had started slightly lower, soared to 1,374 won during the session, causing investor sentiment toward risky assets to contract sharply. Although China's decision to lower the foreign exchange reserve requirement ratio pushed the exchange rate down, concerns over the U.S. Federal Reserve's strong tightening stance intensified, strengthening the dollar. Currently, individuals are the main buyers in the market, net purchasing stocks worth 120.2 billion won. Foreigners and institutions sold stocks worth 89 billion won and 34 billion won, respectively.

Looking at the top market capitalization stocks, Samsung Electronics, which had been rising in the morning, traded at the same price as the previous day. SK Hynix (0.44%), Samsung Biologics (0.12%), LG Chem (0.16%), Hyundai Motor (0.25%), and Kia (0.37%) rose, while Samsung SDI (-0.88%) and NAVER (-0.64%) declined.

At the same time, the KOSDAQ index stood at 777.35, up 0.77% (5.92 points) from the previous trading day. The KOSDAQ index opened at 774.23, up 0.36% (2.80 points) from the previous day, and rose more than 1% at one point, but the gains have somewhat narrowed currently. In the market, foreigners and institutions bought stocks worth 23.7 billion won and 37.9 billion won, respectively, while individuals alone sold stocks worth 58.9 billion won.

Among the top market capitalization stocks, Celltrion Healthcare (-0.14%), L&F (-0.05%), EcoPro (-0.91%), Alteogen (-0.5%), and Studio Dragon (-1.75%) declined, while EcoPro BM (1.07%), HLB (0.11%), Kakao Games (0.2%), and Celltrion Pharm (0.54%) rose.

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