Individual and Foreign Buyers Lead KOSPI Recovery Above 2200... KOSDAQ Turns Upward

[Image source=Yonhap News]

[Asia Economy Reporter Lee Jung-yoon] The KOSPI index narrowed its losses as individuals and foreigners showed buying momentum.

As of 11:29 a.m. on the 17th, the KOSPI index was recorded at 2208.65, down 3.90 points (0.18%) from the previous trading day. The index opened at 2187.17, down 25.38 points (1.15%) from the previous trading day. However, foreigners, who had been net sellers, turned to net buyers, reducing the decline. Individuals and foreigners net bought approximately 186.5 billion KRW and 86.4 billion KRW respectively. Meanwhile, institutions net sold 278.5 billion KRW.

Among the top market capitalization stocks, Celltrion (-2.01%), SK Hynix (-1.05%), Kia (-0.58%), and Hyundai Motor (-0.30%) showed weakness. Samsung Biologics (1.24%), LG Chem (0.35%), Samsung SDI (0.33%), LG Energy Solution (0.31%), and Samsung Electronics (0.18%) were on the rise. NAVER remained flat. Kakao, which experienced a data center fire, fell 6.13%. KakaoBank and KakaoPay dropped 5.71% and 3.46%, respectively.

By industry, construction (-2.43%), services (-1.55%), electricity and gas (-0.89%), and food and beverage (-0.72%) declined. Non-metallic minerals (2.89%) and insurance (1.02%) rose.

At the same time, the KOSDAQ index showed an upward trend. It recorded 679.46, up 1.22 points (0.18%) from the previous trading day. The index started trading at 667.61, down 10.63 points (1.57%) from the previous trading day, but then turned upward. Individuals net bought about 72.6 billion KRW, while institutions net sold 62.8 billion KRW. Foreigners’ selling and buying amounts were equal.

Among the top market capitalization stocks, Kakao affiliates Kakao Games and Celltrion Healthcare fell more than 3%. Rino Industrial and HLB dropped 2.44% and 2.11%, respectively. On the other hand, EcoPro rose more than 7%, recording the largest gain. Secondary battery stocks EcoPro BM and L&F also rose 3.24% and 2.90%, respectively.

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