KOSPI Dips Slightly Intraday Amid Dual Selling by Institutions and Foreigners

The KOSPI index is showing a slight decline during the session, pressured by selling from institutions and foreigners.

As of 9:41 a.m. on the 17th, the KOSPI index is trading at 2568.88, down 3.63 points (0.14%) from the previous day.

On the 11th, the KOSPI index opened at 2523.33, up 11.25 points (0.45%) from the previous trading day, as dealers were working at the Hana Bank headquarters in Jung-gu, Seoul. Photo by Jinhyung Kang aymsdream@

By investor type, institutions and foreigners are net sellers with 197.8 billion KRW and 182 billion KRW respectively, while individuals are net buyers with 375.6 billion KRW. Program trading saw net selling of 4.8 billion KRW in arbitrage trading and 168.6 billion KRW in non-arbitrage trading.

Last Friday, the New York stock market started higher, supported by solid corporate earnings despite weak economic indicators. However, hawkish remarks from Federal Reserve (Fed) Governor Christopher Waller and a significant upward revision of the University of Michigan's 1-year expected inflation from 3.6% to 4.6% during the session caused the market to turn lower.

Accordingly, the domestic market is also being weighed down by the sharp rise in expected inflation and weak U.S. real economy indicators.

By sector, the machinery sector is up 0.91%, paper and wood 0.74%, distribution 0.49%, and chemicals 0.2%. On the other hand, the medical precision sector is down 2.24%, pharmaceuticals -1.1%, services -0.91%, textiles and apparel -0.82%, and finance -0.81%.

Most of the large-cap stocks are showing weakness. Samsung Electronics is down 0.15%, LG Energy Solution -1.01%, SK Hynix -1.68%, Samsung Biologics -1.22%, Samsung SDI -0.92%, and Hyundai Motor -0.56%. In contrast, LG Chem is up 0.12%, POSCO Holdings 3.61%, and POSCO Future M 8.18% are showing strength.

The KOSDAQ index, which started higher today, also reversed to a decline amid selling by institutions and foreigners. At the same time, the KOSDAQ index is trading at 899.98, down 3.81 points (0.42%) from the previous day.

By investor type, institutions and foreigners are net sellers with 82.6 billion KRW and 126.1 billion KRW respectively, while individuals are net buyers with 217.2 billion KRW.

Large-cap stocks on the KOSDAQ are mixed. EcoPro BM is up 3.06%, Celltrion Healthcare 1.34%, L&F 2.23%, Celltrion Pharm 0.75%, and JYP Ent. 1.18% are showing strength. Meanwhile, EcoPro is down 1.31%, HLB -0.81%, and Kakao Games -1.3% are weak.

Meanwhile, at the same time, the won/dollar exchange rate is trading at 1308.9 won, up 10.0 won (0.77%) from the previous day.

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