KOSPI Starts Mixed... Foreigners Continue Net Selling
On the 28th, the KOSPI opened with a mixed trend.
As of 9:24 AM, the KOSPI index was trading at 2,578.55, down 2.84 points (0.11%) from the previous trading day. Although it started the session higher, it soon turned downward, showing a mixed trend. Individual investors were net buyers with 57.6 billion KRW, while foreigners and institutions were net sellers with 57.6 billion KRW and 2.2 billion KRW, respectively.
The top market capitalization group in the KOSPI showed mixed stock price directions. Samsung Electronics traded slightly lower at 72,400 KRW, down 0.28%. LG Energy Solution (0.18%), SK Hynix (1.42%), and Samsung Biologics (0.40%) started higher.
Han Ji-young, a researcher at Kiwoom Securities, said, "The fact that big tech and AI-related stocks such as Apple, Nvidia, and Micron in the U.S. stock market have successfully rebounded after previous corrections is expected to have a positive impact on semiconductor and growth stocks in the domestic market." She added, "Considering the won-dollar exchange rate, which is expected to fall below 1,300 KRW, it is likely to create a favorable environment for foreign demand, which has recently shown selling pressure mainly on large-cap stocks."
At the same time, the KOSDAQ index was up 2.11 points (0.24%) from the previous trading day, standing at 876.25. Individual investors were net buyers with 41.3 billion KRW, while foreigners and institutions were net sellers with 44.4 billion KRW and 0.9 billion KRW, respectively.
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Among the top market capitalization group in KOSDAQ, Ecopro BM (-0.59%), L&F (-1.39%), and JYP Ent. (-1.44%) started lower. Ecopro (0.54%) and Celltrion Healthcare (0.92%) were on the rise.
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