KOSPI Partially Cuts Losses, Returns to 2320 Level... Foreigners and Institutions Both 'Selling'

[Asia Economy Reporter Myung-Hwan Lee] The KOSPI partially recovered its losses in the afternoon of the 22nd. Foreign and institutional investors are showing net selling in both major markets.

As of 2 PM on the day, the KOSPI stood at 2,324.21, down 0.98% (23.00 points) from the previous trading day. The KOSPI opened at 2,319.70, down 1.17% (27.51 points), and at one point in the morning threatened the 2,310 level, but partially recovered its losses in the afternoon.

In the securities market, individual investors alone are net buying stocks worth 300.4 billion KRW. On the other hand, institutional and foreign investors are selling stocks worth 268.3 billion KRW and 58.8 billion KRW, respectively.

Among the top market capitalization stocks in the KOSPI, the decline is prominent mainly among large semiconductor stocks. Samsung Electronics is trading at 54,400 KRW, down 1.63% (900 KRW) from the previous trading day, and SK Hynix is trading at 86,100 KRW, down 2.16% (1,900 KRW). Both stocks hit new 52-week lows during the morning session. NAVER is also trading at 207,500 KRW, down 2.58% (5,500 KRW), showing a significant decline. Secondary battery-related stocks such as Samsung SDI (0.97%) and LG Energy Solution (0.94%) are slightly rising.

At the same time, the KOSDAQ index is at 746.39, down 1.13% from the previous trading day. The KOSDAQ opened at 746.82, down 1.07% (8.07 points), deepening its decline in the morning session but recovering in the afternoon.

In the KOSDAQ market as well, foreign and institutional investors are selling. Foreign investors are net selling 72.7 billion KRW, and institutional investors are net selling 11.5 billion KRW. Meanwhile, individual investors are buying 82.0 billion KRW.

Most of the top market capitalization stocks in the KOSDAQ are also declining. Game and entertainment-related stocks such as Kakao Games (-4.26%), JYP Ent. (-3.53%), and Pearl Abyss (-1.79%) are showing significant declines. On the other hand, secondary battery-related stocks such as EcoPro (3.53%), EcoPro BM (1.83%), and L&F (0.60%) are rising.

There is also an assessment that the domestic stock market is relatively less affected by the U.S. giant step (a 0.75% increase in the benchmark interest rate at once). Kyung-Min Lee, a researcher at Daishin Securities, said, "The September Federal Open Market Committee (FOMC) and the released dot plot and economic outlook have increased volatility in the financial markets," but added, "During the session, foreign net selling of futures has decreased, and the KOSPI is partially recovering its losses, showing that the FOMC shock is relatively reduced compared to the U.S. stock market yesterday."

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