KOSPI Falls on Foreign and Institutional Selling... US CPI Watch

The KOSPI fell due to selling by foreigners and institutions.

On the 10th, the KOSPI closed at 2601.56, down 3.56 points (-0.14%) from the previous trading day.

On that day, the KOSPI started lower. This was influenced by the decline in the US stock market following the release of the Consumer Price Index (CPI) data and US investment sanctions against China. As a result, it dropped to as low as 2590.02 during the session.

By investor type, foreigners and institutions sold net amounts of 234.4 billion KRW and 93.6 billion KRW, respectively. Meanwhile, individuals bought a net amount of 264.8 billion KRW.

By sector, insurance and securities fell more than 1%. On the other hand, textiles and apparel, distribution, and transportation and warehousing rose more than 2%, while food and beverages, paper and wood, and chemicals rose more than 1%.

Among the top market capitalization stocks, Samsung Electronics closed at 68,000 KRW, down 1.31% (900 KRW) from the previous trading day. Samsung SDI and NAVER also fell more than 1%. In contrast, LG Energy Solution, POSCO Holdings, and LG Chem saw slight gains.

On the day, 489 stocks rose on the KOSPI, including Air Progen Biologics, Aprogen, Korea Cosmetics Manufacturing, JAYJUN Cosmetic, Korea Cosmetics, and Tony Moly, which hit the upper price limit. Following China's announcement to allow group tours, stocks related to cosmetics, hotels, and travel rose collectively. Meanwhile, 395 stocks declined without hitting the lower price limit, and 50 stocks remained unchanged.

The KOSDAQ closed at 911.29, up 2.31 points (0.25%) from the previous trading day.

By investor type, foreigners and institutions sold net amounts of 98.1 billion KRW and 12.5 billion KRW, respectively. Meanwhile, individuals bought a net amount of 192.9 billion KRW.

By sector, the internet sector rose 3.12%, while telecommunications services, textiles and apparel, and broadcasting services jumped more than 2%. Pharmaceuticals and chemicals also rose more than 1%. In contrast, semiconductors fell 2.98%, and non-metallic minerals and machinery equipment declined more than 1%.

Among the top market capitalization stocks, EcoPro BM closed at 337,500 KRW, down 1.75% (6,000 KRW) from the previous trading day. HPSP fell 9.07%, and Rainbow Robotics dropped 3.36%. On the other hand, EcoPro rose 3.46%, and Celltrion Healthcare, L&F, and Celltrion Pharm increased more than 1%.

On the day, 813 stocks rose on the KOSDAQ, including Aprogen H&G and Leaders Cosmetics, which hit the upper price limit among 7 stocks. Meanwhile, 715 stocks declined, and 63 stocks remained unchanged.

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