KOSPI Starts Lower, Foreigners Turn to 'Sell' After 6 Trading Days... Semiconductor Stocks Weak

On the 28th, the KOSPI opened at 2,276.73, down 12.05 points (0.53%) from the previous trading day, at the Hana Bank headquarters dealing room in Jung-gu, Seoul. The won-dollar exchange rate started at 1,423.0 won, up 6.0 won from the previous trading day. Photo by Hyunmin Kim kimhyun81@

[Asia Economy Reporter Myunghwan Lee] On the 28th, major indices in the domestic stock market all started lower. Foreign investors, who had maintained a net buying trend for five consecutive trading days in the KOSPI market, are selling net in the early session.

As of 9:10 a.m., the KOSPI is at 2,284.21, down 0.20% (4.57 points) from the previous trading day. The KOSPI opened at 2,276.73, down 0.53% (12.05 points) from the previous day, and is narrowing its losses.

By investor type, foreign investors who had been net buyers for the past five trading days in the KOSPI market have turned to selling. Foreign investors are solely selling stocks worth 44.4 billion KRW. Institutional and individual investors are buying stocks worth 26.2 billion KRW and 18.6 billion KRW, respectively.

Among the top market capitalization stocks, large semiconductor stocks that had recently shown a rebound trend are declining. Samsung Electronics is trading at 58,700 KRW, down 1.34% (800 KRW) from the previous day, and SK Hynix is down 3.44% (3,100 KRW) at 86,900 KRW. Samsung Electronics Preferred shares are also down 1.12% from the previous day. Samsung Biologics (up 1.15%) and LG Energy Solution (up 0.93%), a secondary battery stock that announced strong earnings the previous day, are showing slight gains. Samsung SDI is trading at the same price as the previous day, 727,000 KRW.

At the same time, the KOSDAQ index is at 690.99, down 0.59% (4.10 points) from the previous trading day. The KOSDAQ opened at 690.71, down 0.63% (4.38 points), and is moving sideways.

Foreign investors are selling stocks worth 18.7 billion KRW in the KOSDAQ market as well. Institutional investors are also net sellers of 19.8 billion KRW. Individual investors are solely buying stocks worth 41.3 billion KRW.

In the KOSDAQ market, secondary battery-related stocks are on the rise. EcoPro BM, the largest market cap stock in KOSDAQ, is trading at 113,000 KRW, up 1.89% (2,100 KRW), and L&F is up 1.68% (3,600 KRW) at 218,100 KRW. On the other hand, gaming stocks are seeing large declines. Pearl Abyss (-2.29%) and Kakao Games (-2.07%) are both down more than 2%.

Today, the domestic stock market is expected to show differentiated movements by sector and stock depending on earnings announcements as the earnings season unfolds. Major companies such as Hanwha Aerospace, Samsung Heavy Industries, and Hyundai Glovis are scheduled to announce their preliminary third-quarter earnings today. Han Ji-young, a researcher at Kiwoom Securities, said, "As the earnings season is currently underway in the domestic stock market, differentiated movements by sector and stock will continue depending on individual earnings issues."

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