KOSPI Starts Up but Reverses to Decline Amid Foreign Selling Pressure

[Image source=Yonhap News]

[Asia Economy Reporter Jang Hyowon] The KOSPI index reversed to a decline after initially rising, pressured by foreign selling.

As of 9:43 a.m. on the 21st, the KOSPI index is trading at 2,326.43, down 0.27% from the previous day.

Institutions and individuals are net buyers of 32.4 billion KRW and 33.8 billion KRW respectively, while foreigners are net sellers of 64.8 billion KRW. In the futures market, foreigners are net sellers of 246.9 billion KRW. In program trading, arbitrage trading shows a net selling of 3 billion KRW, and non-arbitrage trading shows a net selling of 68.1 billion KRW.

The KOSPI index started the day up 0.56%. Although the U.S. New York stock market showed weakness the previous day, the impact was mainly due to declines in some stocks like Tesla, while sectors such as energy, industrials, and software showed solid performance, which helped improve investor sentiment. The subsequent inflow of foreign selling led to the reversal into a decline.

By sector, steel and metals rose 1.37%, food and beverages 1.4%, textiles and apparel 1.06%, electric and gas utilities 0.81%, and insurance 0.58%. Conversely, electronics and electrical equipment fell 0.2%, construction 0.16%, and chemicals 0.16%.

Top market capitalization stocks remain flat. Samsung Electronics is trading at 58,600 KRW, unchanged from the previous day, and SK Hynix is also steady at the same price. Currently, rising stocks include NAVER up 0.28% and Celltrion up 1.13%. Meanwhile, LG Energy Solution, Samsung Biologics, LG Chem, and Samsung SDI are showing weakness.

The KOSDAQ index also turned downward. At the same time, the KOSDAQ index is trading at 702.22, down 0.12% from the previous day. The KOSDAQ started the day up 0.71%. Foreigners are currently net sellers of 56.2 billion KRW, weighing on the stock prices.

Among the top market capitalization stocks, Celltrion Healthcare is up 0.47%, EcoPro BM 0.2%, EcoPro 1.39%, Celltrion Pharm 0.44%, and Studio Dragon 1.67%, while L&F is down 1.63%, Kakao Games 0.23%, HLB 1.59%, and Pearl Abyss 2.08%.

At the same time, the KRW-USD exchange rate is trading at 1,285.3 KRW, down 4.3 KRW from the previous day.

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