Foreigners' 'Palja' Weakens KOSPI... KOSDAQ Focuses on Net Selling of Secondary Batteries

KOSDAQ Falls More Than 0.6%

As technology stocks showed weakness with the Nasdaq index falling more than 1% in the U.S. stock market, the domestic stock market also ended the session on a downward trend influenced by this.

On the 27th, the KOSPI closed at 2581.396, down 0.03% (0.81 points) from the previous trading day. The KOSPI opened at 2581.02, down 0.05% (1.18 points) from the previous day, and fell more than 0.5% during the session, but the decline narrowed in the afternoon as institutional selling decreased. Looking at investor trends, foreigners sold stocks worth 103 billion KRW, while individuals and institutions bought stocks worth 60 billion KRW and 16.1 billion KRW, respectively.

Lee Kyung-min, a researcher at Daishin Securities, said, "In the absence of any special events, the market is still in a phase of digesting selling pressure to relieve overheating concerns," adding, "The downgrade of investment opinions on major U.S. technology stocks negatively affected domestic technology stock investments."

By sector, the electric and gas industry rose more than 3.9%. Among major stocks, Korea Electric Power Corporation (KEPCO) rose more than 4.7%. This was due to a green light for escaping deficits as the wholesale electricity price (SMP) became lower than the electricity tariff. Hyundai Engineering & Construction, which had been strong thanks to the positive effect of the stock, fell 4.17%, which is analyzed as profit-taking selling pressure emerging.

Among the top market capitalization stocks, LG Energy Solution (-0.53%) and Samsung SDI (-0.73%) showed a downward trend. SK Hynix (-0.44%), Samsung Biologics (-1.58%), and NAVER (-1.59%) declined, while Samsung Electronics (0.28%), Hyundai Motor (2.74%), Kia (0.82%), and POSCO Holdings (0.88%) rose.

On the same day, the KOSDAQ index closed at 874.14, down 0.61% (5.36 points) from the previous trading day. The index opened at 877.88, down 0.18% (1.62 points) from the previous day, and continued its decline during the session. Looking at investor trends, foreigners and institutions sold stocks worth 221.4 billion KRW and 51.9 billion KRW, respectively. Seo Sang-young, head of the Media Content Division at Mirae Asset Securities, explained, "The KOSDAQ's decline was amplified as foreigners concentrated their net selling on large-cap stocks such as secondary battery and healthcare stocks." Individuals alone bought stocks worth 288.7 billion KRW.

Among the top market capitalization stocks, secondary battery material stocks showed weakness. Ecopro BM and Ecopro fell 2.68% and 3.02%, respectively. Celltrion Healthcare, Celltrion Pharm, and HLB fell 8.05%, 5.89%, and 1.10%, respectively. Pearl Abyss (6.38%) and Kakao Games (0.58%) rose.

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