KOSPI, Foreigners and Institutions 'Sell'... KOSDAQ Rises Over 1%

Samsung Electronics Turns Upward... Semiconductor Stocks Supported from Downside
Short-term Profit-taking Limits Rise
KOSDAQ, Institutional Investors Join 'Buy'

[Image source=Yonhap News]

[Asia Economy Reporter Hwang Yoon-joo] On the afternoon of the 15th, the KOSPI index shows a slight decline amid selling pressure from foreigners and institutions. Semiconductors are supporting the downside, with Samsung Electronics turning to an upward trend after a morning decline. Meanwhile, the KOSDAQ is recording a rise of over 1% as institutions switch to net buying.

As of 1:55 PM, the KOSPI is trading at 2470.71, down 0.16% (3.94 points) from the previous day. The KOSPI opened at 2482.76 and fell to the 2460 level in the morning but the decline has eased in the afternoon.

However, the supply and demand situation has worsened. Foreigners and institutions are net sellers of 315.8 billion KRW and 50.8 billion KRW respectively. Foreigners have been increasing their selling since the market opened, and institutions turned to selling in the afternoon. Individuals are the only net buyers with 348.2 billion KRW.

The top market capitalization stocks show mixed trends. Samsung Electronics (+0.48%) has returned to an upward trend. SK Hynix +0.77%, Samsung Biologics +0.44%, Naver +1.86%, and Celltrion +0.81% are also rising.

On the other hand, Samsung SDI is down 5.27%, maintaining the largest decline since the market opened. LG Chem -2.48%, LG Energy Solution -2.15%, Kia -2.15%, and Hyundai Motor -1.70% are also falling.

As of 2:05 PM, the KOSDAQ is up 1.49% (10.89 points) at 740.43. It started the day at 730.33, up 0.11%, and has been expanding its gains.

Institutions are joining the buying, driving the index higher. Individuals and institutions are net buying 108.8 billion KRW and 30.6 billion KRW respectively. Individuals are net selling 127.3 billion KRW.

Among the top market capitalization stocks, L&F is down 0.22%, HLB -2.05%, and Ecopro -2.89%. Cheonbo and Lino Industrial are surging by +5.42% and +5.07% respectively.

Lee Kyung-min, a researcher at Daishin Securities, explained, "The KOSPI is fluctuating around the 2470 level amid net selling by foreigners," adding, "The upward momentum seen the previous day has disappeared." He continued, "Short-term profit-taking pressure is increasing mainly in secondary batteries, but semiconductor stocks such as Samsung Electronics and SK Hynix are slightly rising, supporting the market's downside."

Meanwhile, in the Seoul foreign exchange market, the won-dollar exchange rate opened at 1326 won, up 0.1 won from the previous trading day (1325.9).

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