Weak Chinese Economic Indicators... KOSPI Turns Down During Trading Session

The KOSPI, which showed a strong upward trend in the early session, turned downward during the trading hours.

[Image source=Yonhap News]

As of 11:27 a.m. on the 15th, the KOSPI stood at 2606.34, down 0.49% (12.74 points) from the previous trading day. The index started the day with an increase of around 0.4% compared to the previous day, but the decline widened as foreign investors increased their net selling. Looking at investor trends, foreign investors sold stocks worth 139.1 billion KRW alone, while individuals and institutions bought stocks worth 66 billion KRW and 71.3 billion KRW, respectively.

As the domestic stock market digested the results of the June Federal Open Market Committee (FOMC) meeting, the decline widened during the session following disappointing economic indicators from China. China's industrial production slowed from 5.6% month-on-month, announced last month, to 3.5%. However, retail sales fell to 12.7%, below the market expectation of 13.7%, and fixed asset investment also slowed from 4.7% to 4%, showing signs of contraction in the real economy. Seosangyoung, a researcher at Mirae Asset Securities, analyzed, "The Korean stock market, which was experiencing foreign selling pressure after digesting the FOMC, declined further reflecting concerns about the slowdown in the Chinese economy."

Looking at the top market capitalization stocks, most showed a downward trend. LG Energy Solution (-1.19%), SK Hynix (-0.17%), Samsung Biologics (-0.38%), LG Chem (-1.11%), Samsung SDI (-1.23%), Hyundai Motor (-0.5%), and Kia (-0.6%) declined, while NAVER (0.9%) rose.

At the same time, the KOSDAQ index stood at 869.40, down 0.28% (2.43 points) from the previous trading day. The KOSDAQ index showed an increase of about 0.6% compared to the previous day but fell more than 0.7% during the session as institutional net selling increased. Looking at investor trends, foreign investors and individuals bought stocks worth 26.6 billion KRW and 119.5 billion KRW, respectively, while institutions sold stocks worth 118.6 billion KRW alone.

Among the top KOSDAQ stocks, Celltrion Healthcare (-1.42%), L&F (-1.57%), HLB (-1.48%), Pearl Abyss (-3.45%), Celltrion Pharm (-0.62%), and Kakao Games (-1.67%) declined. Conversely, EcoPro BM (0.98%) and EcoPro (3.3%), which had fallen due to the previous day's negative news about the U.S. government's approval of a Chinese battery plant, rose.

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