KOSPI Falls to 2570 Level... Institutions Sell Spot and Futures
WTI Hits Yearly High
US Stocks Fall Amid Inflation Concerns
Korean Stock Market Also Weakens
On the 6th, the KOSPI fell after opening lower, dropping to the 2570 level. This is interpreted as the impact of concerns over inflationary pressure following international oil prices hitting a record high this year, which is also affecting the domestic market. Institutional investors are showing a 'sell' trend in both the spot and futures markets.
At 9:44 AM, the KOSPI was trading at 2580.41, down 0.07% (1.77 points) from the previous day. The KOSPI opened at 2577.41, down 0.18% (4.77 points), turned to an upward trend during the session, but soon reversed to a downward trend, breaking below the 2580 level.
From a supply and demand perspective, institutions alone are net sellers of 58.7 billion KRW, pulling the index down. Individuals and foreigners are net buyers of 50.8 billion KRW and 11.1 billion KRW, respectively. In the futures market, foreigners and institutions are selling 1.1 billion KRW and 27.6 billion KRW, respectively. Meanwhile, individuals are the sole net buyers with 12.4 billion KRW.
Looking at the top 10 stocks by market capitalization, most are in a downward trend. Samsung Electronics has fallen for three consecutive days, trading at 70,200 KRW, down 0.71% from the previous day. NAVER dropped 1.42%, ranking first in the decline rate. Only LG Energy Solution +0.19%, Hyundai Motor +0.86%, and POSCO Future M +0.33% are rising.
As of 9:50 AM, the KOSDAQ is at 924.33, up 0.32% (2.91 points) from the previous day. The KOSDAQ opened at 923.61, up 0.23%, and is maintaining its upward trend. Individuals are net buyers of 98.4 billion KRW, while foreigners and institutions are net sellers of 77.6 billion KRW and 10.4 billion KRW, respectively.
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Among the top 10 stocks by market capitalization, the trend is mixed. EcoPro BM +0.49%, EcoPro +1.30%, Celltrion Healthcare +0.15%, POSCO DX +6.36%, HLB +0.35%, and SM +1.51% are rising. On the other hand, L&F -1.42% and Rainbow Robotics -2.11% showed notable declines.
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