KOSPI Falls Over 1% Amid Dual Selling Pressure from Institutions and Foreigners

[Asia Economy Reporter Kwon Jae-hee] On the 27th, the KOSPI index started lower following the decline of the three major U.S. stock indices due to inflationary pressure.

As of 9:17 AM, the KOSPI index was trading at 2396.31, down 1.13% (27.30 points) from the previous trading day. The index opened at 2405.42, down 0.75% (18.19 points), and extended its losses, falling below the 2400 level.

Selling pressure from institutions and foreigners pulled the index down. Institutions sold stocks worth 101.9 billion KRW, and foreigners sold stocks worth 70.8 billion KRW. On the other hand, individuals were buying stocks worth 163.9 billion KRW, appearing to engage in bargain hunting.

All of the top 10 market capitalization stocks recorded declines. Samsung Electronics (-1.47%), LG Energy Solution (-1.76%), SK Hynix (-1.32%), Samsung Biologics (-1.53%), LG Chem (-2.39%), Samsung SDI (-1.62%), Samsung Electronics Preferred (-1.65%), Hyundai Motor (-1.15%), NAVER (-0.96%), and Kia (-0.53%).

At the same time, the KOSDAQ index was at 772.06, down 0.88% (6.82 points). The KOSDAQ opened at 775.01, down 0.50% (3.87 points).

By investor type, only individuals were net buyers with 44.4 billion KRW, while foreigners and institutions were net sellers with 20.7 billion KRW and 21.3 billion KRW respectively.

In the KOSDAQ market, EcoPro (1.45%), SM (1.98%), and Osstem Implant (4.71%) recorded gains, while the other stocks were declining. EcoPro BM (-0.06%), Celltrion Healthcare (-2.54%), L&F (-0.43%), Kakao Games (-0.74%), and HLB (-2.53%) among them.

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