Foreigners and Institutions 'Sell' as KOSPI Turns Down... Semiconductor Rises
On the 23rd, both the KOSPI and KOSDAQ opened higher. The KOSPI turned downward as foreign buying weakened. Influenced by the rise in the Philadelphia Semiconductor Index in the U.S. the previous day, the semiconductor sector is showing an upward trend.
As of 9:20 AM, the KOSPI is trading at 2591.90, down 0.07% (1.80 points) from the previous day. The KOSPI opened at 2599.04, up 0.21% (5.34 points) from the previous day, but reversed to a decline as foreign demand weakened.
Foreign investors switched from 'buying' to 'selling.' They showed net purchases exceeding 20 billion KRW in the early session but are currently net selling 5.5 billion KRW. Institutions are also selling off 114.2 billion KRW. Individuals alone are buying 122.9 billion KRW.
The top 10 stocks by market capitalization show mixed trends. Samsung Electronics +0.98%, Kia +0.36%, SK Hynix +0.26%, LG Energy Solution +0.18%, Samsung Biologics +0.13% are on the rise. Meanwhile, LG Chem -0.83%, Hyundai Motor -0.74%, Samsung SDI -0.43% are declining.
As of 9:22 AM, the KOSDAQ is trading at 879.74, up 0.36% (3.17 points) from the previous day. The KOSDAQ opened at 880.37, up 0.46% (3.99 points) from the previous day.
The KOSDAQ is rising due to buying by individuals and institutions. Individuals and institutions are net buying 44.6 billion KRW and 3.4 billion KRW, respectively. Conversely, foreign investors are net selling 42 billion KRW.
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The top 10 stocks by market capitalization show mixed trends. L&F +2.40%, Celltrion Pharm +1.53%, EcoPro +0.26%, Osstem Implant +0.11% are rising. Meanwhile, JYP Entertainment -1.72%, Kakao Games -0.57%, HLB -0.48%, EcoPro BM -0.19%, Celltrion Healthcare -0.15% are declining.
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