KOSPI and KOSDAQ Both Fall... Individuals 'Buy' While Foreigners and Institutions 'Sell'

KOSPI Weak in Early Trading, Mixed Trends Among Top Market Cap Stocks
KOSDAQ Mostly Shows 'Green Light'

The domestic stock market continues its downward trend. Following the previous day’s U.S. stock market, which showed weakness across most sectors reflecting economic slowdown concerns, the domestic market is also being affected.

As of 9:15 a.m. on the 27th, the KOSPI index stands at 2473.78, down 11.05 points (0.44%) from the previous day. Individual investors net bought 142.1 billion KRW, while institutions and foreigners net sold 130.9 billion KRW and 25.8 billion KRW, respectively.

[Image source=Yonhap News]

By sector, transportation equipment is up by around 1%. Electrical & electronics, manufacturing, machinery, and chemicals are showing slight gains. Telecommunications, distribution, steel & metals, and food & beverages remain slightly down, while textiles & apparel, securities, electric & gas utilities, and medical precision equipment are down by about 1%.

Among the top market capitalization stocks, Kia and Hyundai Motor continue to show strength. LG Energy Solution, which announced earnings the previous day, is up by over 2%. LG Chem is up by about 1%, while Hyundai Mobis and NAVER remain slightly up. Celltrion, Kakao, and SK Hynix are showing weakness. Samsung Electronics, which announced its first-quarter earnings today, is trading slightly down.

In the securities industry, it is expected that the domestic market will undergo a process of digesting sell-offs while focusing on individual corporate earnings results such as those of Samsung Electronics and LG Chem.

Seosangyoung, a researcher at Mirae Asset Securities, said, "While the U.S. stock market showed strength in some large tech stocks thanks to Microsoft, which is positive for our market, this was partly reflected the previous day, so the impact is expected to be limited. Rather, the fact that most sectors showed weakness reflecting economic slowdown concerns, excluding some stocks in the U.S. market, is likely to increase profit-taking pressure on our market."

The KOSDAQ index is at 826.60, down 3.84 points (0.46%) from the previous day. Individual investors net bought 65.3 billion KRW, while institutions and foreigners net sold 0.3 billion KRW and 63.7 billion KRW, respectively.

By sector, food & tobacco, software, and finance are slightly up. Manufacturing, chemicals, metals, internet, medical & precision instruments, and IT components remain slightly down. Distribution, telecommunications equipment, and digital content are down by about 1%, and transportation is down by around 13%.

Among the top market capitalization stocks, JYP Ent. is up by about 1%. SM, EcoPro, and L&F are slightly up. HLB, Alteogen, and Celltrion Healthcare remain slightly down, while Caregen is down by over 2%.

Meanwhile, the won-dollar exchange rate opened at 1338 KRW, up 1.7 KRW from the previous day.

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