KOSPI Narrows Intraday Losses Amid Individual Buying Pressure

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The KOSPI index is showing signs of narrowing its intraday losses amid strong buying by individual investors.

As of 9:44 a.m. on the 25th, the KOSPI index is trading at 2,516.68, down 21.96 points (0.87%) from the previous day. By investor type, institutions and foreigners are net sellers of 146.8 billion KRW and 76.2 billion KRW respectively, while individuals are net buyers of 229.7 billion KRW.

In the early session today, the KOSPI index is reducing its losses due to strong buying by individuals. The domestic market started with a decline of around 1%, influenced by the previous day’s drop in the New York stock market ahead of Federal Reserve Chairman Jerome Powell’s Jackson Hole conference.

By sector, more sectors are down. The service sector is down over 2%, and sectors such as electrical and electronics, electricity and gas, medical precision, manufacturing, construction, machinery, finance, textiles and apparel, and chemicals are showing declines around 1%. On the other hand, food and beverages, insurance, and pharmaceuticals are recording slight gains.

Among the top market capitalization stocks, performances are mixed. Samsung Electronics is down 1.61%, and SK Hynix is down 3.56%. This is interpreted as being influenced by the Philadelphia Semiconductor Index’s over 3% decline in the New York market the previous day.

POSCO Holdings, LG Chem, POSCO Future M, and NAVER are also weak. Conversely, LG Energy Solution is up 0.93%, and Samsung Biologics is trading slightly higher. Samsung SDI and Hyundai Motor remain flat.

At the same time, the KOSDAQ index has almost recovered its losses. The KOSDAQ index is trading at 901.14, down 0.76 points (0.08%) from the previous day.

By investor type, institutions and foreigners are net sellers of 64.4 billion KRW and 63.5 billion KRW respectively, while individuals are net buyers of 131.3 billion KRW. The KOSDAQ index, which also started with a decline of over 1%, has narrowed its losses and recovered above the 900 level thanks to individual net buying.

Most of the top market capitalization stocks are showing gains. EcoPro BM is up 2.7%, Celltrion Healthcare 0.15%, and L&F 2.66%. POSCO DX is up strongly by 11.52%, and JYP Ent., SM, and Pearl Abyss are also showing strength.

Meanwhile, in the Seoul foreign exchange market, the KRW/USD exchange rate is trading at 1,327.90 won, up 5.3 won.

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