KOSPI Hits 2600 Then Turns Down... Foreigners and Institutions 'Sell Off'

[Image source=Yonhap News]

The KOSPI opened higher and briefly returned to the 2600 level during the session but then turned downward. It shows a slight decline amid selling pressure from foreigners and institutions.

As of 9:17 a.m. on the 5th, the KOSPI was trading at 2591.27, down 0.08% (2.04 points) from the previous day. It started the day at 2593.47, up 0.01% (0.16 points), but turned downward within 14 minutes.

Supply and demand are influencing the market. Foreigners and institutions are net sellers, offloading 3.7 billion KRW and 55.9 billion KRW respectively. Individual investors are the sole net buyers, purchasing 66.1 billion KRW. In the futures market, individuals and foreigners are selling 76 billion KRW and 58.8 billion KRW respectively, while institutions are the only net buyers, acquiring 127.7 billion KRW.

The top 10 stocks by market capitalization are mostly in the red. SK Hynix is leading the decline, down 1.19% to 116,500 KRW. Following are LG Chem -1.03%, Samsung SDI -0.98%, and LG Energy Solution -0.88%. Hyundai Motor and POSCO Holdings are unchanged. Samsung Biologics is the only gainer, up 2.14% to 762,000 KRW.

Meanwhile, the KOSDAQ is on the rise. As of 9:23 a.m., it is trading at 892.83, up 0.32% (2.83 points) from the previous day.

Individual investors appear to be driving the index. They are net buyers of 96.8 billion KRW, while foreigners and institutions are net sellers of 70.8 billion KRW and 22.3 billion KRW respectively.

The top 10 stocks by market capitalization show mixed performance. EcoPro +3.27%, EcoPro BM +2.00%, POSCO DX +1.87%, Celltrion Pharm +0.95%, Celltrion Healthcare +0.94%, and L&F +0.20% are gaining. Meanwhile, JYP Entertainment is down 3.16%.

Meanwhile, in the Seoul foreign exchange market, the won-dollar exchange rate opened at 1298.0 KRW, down 3.4 KRW from the previous day.

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