KOSPI Starts Lower... "Institutions Selling"

The KOSPI is falling due to net selling exceeding 100 billion KRW by institutional investors.

As of 9:52 AM on the 2nd, the KOSPI recorded 2,657.19, down 9.88 points (0.37%) from the previous trading day.

On the morning of the 2nd, the KOSPI index started on a downward trend. Employees are working in the Hana Bank foreign exchange dealing room. Photo by Younghan Heo younghan@

On this day, the KOSPI started lower as concerns over economic contraction were reflected following weak U.S. manufacturing and employment indicators. In particular, it is interpreted that the announcement by the international credit rating agency Fitch, after market close, downgrading the U.S. sovereign credit rating from 'AAA' to 'AA+' due to fiscal deterioration and increasing national debt burden, had an impact.

By investor type, individuals and foreigners net bought 80.8 billion KRW and 57.6 billion KRW, respectively. On the other hand, institutions net sold 131.6 billion KRW.

By sector, textiles, clothing, transportation and warehousing, and telecommunications are down more than 1%. Meanwhile, paper and wood rose 5.52%, and distribution and non-metallic minerals are up more than 1%.

Among the top market capitalization stocks, most are declining. Samsung Electronics traded at 76,000 KRW, down 500 KRW (0.70%) from the previous trading day. SK Hynix, Hyundai Motor, Kia, and NAVER are also down more than 1%. Conversely, LG Energy Solution is slightly up.

At the same time, the KOSDAQ recorded 937.76, down 1.91 points (0.20%).

By investor type, foreigners and institutions net sold 98 billion KRW and 10.6 billion KRW, respectively. Meanwhile, individuals net bought 117.1 billion KRW.

By sector, software and semiconductors are up more than 1%. Conversely, construction and finance are also up more than 1%.

Among the top market capitalization stocks, EcoPro BM traded at 408,000 KRW, down 500 KRW (0.12%) from the previous trading day. HPSP is down more than 3%, and Celltrion Pharm is down 2.22%. Conversely, EcoPro, POSCO DX, and SM are up more than 1%.

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