Foreigners and Institutions 'Sell' Driving Domestic Stock Market Down... Decline Narrows

[Image source=Yonhap News]

[Asia Economy Reporter Lee Jung-yoon] On the afternoon of the 20th, the KOSPI index showed a downward trend due to net selling by foreigners and institutions.

As of 2:10 PM that day, the KOSPI index was recorded at 2219.45, down 17.99 points (0.80%) from the previous trading day. The index fell to as low as 2200.44 during the session but narrowed the decline and recovered to the 2210 level. Individual investors made net purchases worth approximately 469.8 billion KRW, preventing further index decline. Foreigners and institutions made net sales of 211.2 billion KRW and 268.5 billion KRW, respectively.

Among the top market capitalization stocks, Celltrion (1.46%) and Samsung Electronics (0.18%) were on the rise. On the other hand, most stocks recorded weakness, with LG Chem falling more than 3%. SK Hynix, which has concerns over third-quarter earnings, also dropped 2.80%.

By sector, securities (-3.43%), chemicals (-2.26%), finance (-1.42%), steel & metals (-1.30%), and services (-1.20%) declined in order. Machinery (2.13%), medical precision (1.34%), telecommunications (1.25%), construction (0.49%), and distribution (0.33%) rose.

At the same time, the KOSDAQ index traded at 684.02, down 6.54 points (0.95%) from the previous day. The index fell below the 680 level but narrowed the decline. Individuals made net purchases of about 303.4 billion KRW, while foreigners and institutions made net sales of approximately 154.6 billion KRW and 152.6 billion KRW, respectively.

Among the top market capitalization stocks, only Celltrion Pharm was in the red with a 1.10% increase. Secondary battery stocks L&F and EcoPro BM fell 4.51% and 3.30%, respectively. Following were Kakao Games (-2.62%), Pearl Abyss (-2.30%), and Cheonbo (-1.42%) in weakness.

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