Foreign and Institutional Dual Selling Pulls Domestic Stock Market Down at Opening... Samsung Electronics Hits New Low Again

[Image source=Yonhap News]

[Asia Economy Reporter Ji Yeon-jin] The domestic stock market opened lower across the board on the 21st. Ahead of the U.S. Federal Open Market Committee (FOMC) interest rate hike decision, volatility has increased, and simultaneous selling by foreigners and institutions is dragging the market down.

On this day, the KOSPI index started trading at 2,351.54, down 16.31 points (0.69%) from the previous day. As of 9:10 a.m., foreigners were net selling about 53.2 billion KRW, and institutions were also selling about 18.3 billion KRW. These volumes were absorbed by individual investors, who were net buying about 72.1 billion KRW.

Samsung Electronics fell to 55,100 KRW in the early session, setting a new 52-week low, and most of the top market capitalization stocks on the KOSPI are showing weakness.

The KOSDAQ index also opened down 3.22 points (0.42%) at 757.13. Foreigners were net selling about 26.1 billion KRW, institutions about 2.6 billion KRW, while individuals were net buying about 30.1 billion KRW.

Among the top market capitalization stocks on the KOSDAQ, EcoPro BM, HLB, Pearl Abyss, and JYP Ent. are recording slight gains.

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