KOSPI and KOSDAQ Start Lower Together... Foreigners Selling Pressure

On the 14th, the domestic stock market started off slightly lower.

As of 9:08 AM, the KOSPI index was trading at 2,584.40, down 6.86 points (0.26%) from the previous trading day. Individual investors were net buyers with 13.3 billion KRW, while foreigners and institutions were net sellers with 7.4 billion KRW and 4.5 billion KRW, respectively.

Among the top market capitalization groups in the KOSPI market, LG Chem (-1.61%) and Samsung SDI (-1.58%) showed relatively large declines. Samsung Electronics (0.30%) and POSCO Holdings (0.17%) started slightly higher.

Han Ji-young, a researcher at Kiwoom Securities, said, "As the Q2 earnings season has practically entered its final phase, the market this week is expected to be influenced more by macro factors than corporate earnings issues." She added, "However, it is necessary to keep open the possibility that supply and demand factors within the domestic stock market could offset macro influences and lead to an overall directional change in the market." She further explained, "A supply and demand battle is expected to unfold involving perceived oversold buying of secondary battery stocks, profit-taking, and stop-loss selling. During this process, it will be a key point to watch whether the displaced supply and demand will shift to the bio sector, which is trying to re-emerge as a leading sector in the KOSDAQ, or to China reopening-related stocks such as cosmetics, duty-free, and casinos, which are attempting to return as leading theme stocks."

At the same time, the KOSDAQ index was trading at 902.56, down 9.64 points (1.06%). Individual investors were net buyers with 66.5 billion KRW, while foreigners and institutions were net sellers with 55.6 billion KRW and 6.7 billion KRW, respectively.

Among the top market capitalization stocks in the KOSDAQ, all were down except for POSCO DX (0.51%). JYP Ent and Celltrion Pharm showed declines of over 7% immediately after the market opened. Other stocks such as SM Entertainment (-4.10%), Celltrion Healthcare (-3.18%), and EcoPro (-3.17%) were also weak.

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