Foreigners and Institutions 'Sell' KOSPI Down 0.78%... Below 2470 Level

The KOSPI index is showing a downward trend as foreigners and institutions are predominantly selling.

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As of 9:19 a.m. on the 6th, the KOSPI index was trading at 2475.74, down 19.47 points (0.78%) from the previous trading day. The index opened at 2488.00, down 7.21 points (0.29%), and the decline widened as foreigners and institutions sold off. Foreigners and institutions sold approximately 159.3 billion KRW and 65.7 billion KRW respectively, while individuals net bought about 221.1 billion KRW.

Among the top market capitalization stocks, Samsung SDI recorded the largest drop, falling 4.37%. It was followed by POSCO Holdings (-2.14%), LG Chem (-1.91%), Naver (-1.56%), and Samsung Electronics (-1.10%). On the other hand, Samsung Biologics (2.16%), Kia (1.35%), and Hyundai Motor (0.64%) showed gains.

By sector, Medical Precision (-1.44%), Steel & Metals (-1.38%), Textile & Apparel (-1.33%), Electrical & Electronics (-1.31%), and Chemicals (-1.26%) declined. Pharmaceuticals (1.70%), Transportation Equipment (0.19%), and Construction (0.01%) rose.

On the 5th (local time), the U.S. stock market closed mixed after data indicating a slowdown in the labor market was released. The Dow Jones Industrial Average rose 80.34 points (0.24%) to 33,482.72. The large-cap S&P 500 index fell 10.22 points (0.25%) to 4,090.38, and the tech-heavy Nasdaq index closed down 129.46 points (1.07%) at 11,996.86.

Automatic Data Processing (ADP) reported that private sector employment increased by 145,000 jobs last month, which is more than 100,000 fewer than the previous month's increase and below the market expectation of 210,000. This strengthens recession concerns and raises expectations that the Federal Reserve's interest rate hikes may soon end.

At the same time, the KOSDAQ index is also weak, down 5.38 points (0.62%) to 866.98 compared to the previous day. Foreigners and institutions net sold about 110.1 billion KRW and 29.7 billion KRW respectively, while individuals net bought 143.5 billion KRW.

Among the top market capitalization stocks, Kakao Games fell more than 3%, followed by L&F (-2.12%), Pearl Abyss (-1.08%), EcoPro BM (-0.64%), and JYP Ent. (-0.13%). HLB (3.34%), Celltrion Pharm (2.77%), Celltrion Healthcare (2.11%), and EcoPro (1.75%) rose.

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