KOSPI Closes at 2570.10... Foreigners and Institutions 'Sell'

Exchange Rate Closes Up 9.3 Won at 1304.2 Won

[Image source=Yonhap News]

The KOSPI and KOSDAQ closed lower. With both foreigners and institutions selling off simultaneously, the KOSPI dropped to the 2570 level.

On the 23rd, the KOSPI closed at 2570.10, down 0.91% (23.60 points) from the previous day. The KOSPI opened at 2599.04, up 0.21%, but reversed to a decline due to supply and demand factors.

The selling pressure from foreigners had an impact. Foreigners initially showed 'buying' in the early session but switched to 'selling.' As a result, foreigners and institutions net sold 187.2 billion KRW and 444.7 billion KRW, respectively. Meanwhile, individuals alone net bought 595.8 billion KRW. In the futures market, foreigners sold off 861 billion KRW, while individuals and institutions bought 291.7 billion KRW and 512.9 billion KRW, respectively.

Most of the top market capitalization stocks were down. Only Samsung Electronics closed up 0.42% at 71,600 KRW. The decline rates were Samsung SDI -1.73%, LG Chem -1.66%, Samsung Biologics -1.19%, and LG Energy Solution -1.05%, in that order.

The KOSDAQ closed at 874.84, down 0.18% (1.54 points) from the previous day. It also opened higher at 880.37, up 0.46%, but turned downward in the afternoon.

Unlike the KOSPI, only foreigners showed a 'selling' trend, and the decline was relatively smaller. Foreigners alone net sold 76.2 billion KRW. Individuals and institutions net bought 61 billion KRW and 28.3 billion KRW, respectively.

The top market capitalization stocks showed mixed trends. Notable gains included Celltrion Pharm +3.58%, L&F +1.40%, and Celltrion Healthcare +1.02%. Decliners included JYP Entertainment -2.01%, EcoPro BM -0.75%, and HLB -0.64%.

Researcher Han Jae-hyuk of Hana Securities evaluated, "The domestic stock market closed lower amid global tightening concerns and increased volatility without clear direction."

Meanwhile, the won-dollar exchange rate opened at 1300.5 KRW, up 5.6 KRW from the previous day (1294.9 KRW). It showed an upward trend during the session and closed at 1304.2 KRW, up 9.3 KRW.

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