"Only Individuals Buy" Returns Gains as KOSPI and KOSDAQ Fall Further

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[Asia Economy Reporter Minji Lee] The KOSPI index reversed to a decline after giving up all its gains within half a day. The KOSDAQ index, which started with a rise of over 1%, dropped nearly 2% in the afternoon.

As of 1:30 PM on the 5th, the KOSPI stood at 2208.81, down 0.03% (0.57 points) from the previous trading day. The market opened with a strong 1.8% increase but the gains narrowed in the afternoon.

Looking at investor trends, only individual investors are maintaining net buying. Individuals purchased stocks worth 523.9 billion KRW, while foreigners and institutions sold stocks worth 57 billion KRW and 480.3 billion KRW respectively.

Large-cap stocks that showed early gains also saw their increases significantly reduced. Among the top market capitalization stocks, Samsung Electronics (1.09%) and SK Hynix (3.71%) maintained upward momentum, and LG Energy Solution (3.71%), LG Chem (0.54%), and Samsung SDI (1.09%) also rose. However, Samsung Biologics (-0.25%), Hyundai Motor (-2.79%), Kia (-3.16%), and NAVER (-5.38%) declined. NAVER’s drop is analyzed to have steepened due to the impact of acquiring the US-China online platform company Poshmark.

At this time, the KOSDAQ index is at 683.35, down 1.93% (13.44 points) from the previous trading day. The index started the session at 706.76, up 1.43% (9.97 points), showing a strong rise of over 1%, but soon turned downward. Regarding investor trends, foreigners and institutions sold stocks worth 261.7 billion KRW and 67.6 billion KRW respectively, while only individuals bought stocks worth 334.3 billion KRW.

All top market capitalization stocks in KOSDAQ are showing declines. While Celltrion Healthcare (-0.73%), EcoPro BM (-0.54%), and L&F (-1.16%) rose, HLB (-3.46%), Pearl Abyss (-6.65%), EcoPro (-3.58%), Celltrion Pharm (-2.16%), JYP Ent. (-4.19%), and Lino Industrial (-1.71%) are recording steep declines.

Seo Sang-young, Head of Media Content at Mirae Asset Securities, analyzed, “The market has recently grown expectations that the US Federal Reserve (Fed) will not raise interest rates as much as feared over the past two days, but concerns about an economic recession still persist. Regarding international oil prices, the possibility of a daily production cut of 2 million barrels remains high, so the potential for increased volatility in international oil prices is also affecting the stock market.”

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