KOSPI Starts Lower Despite US Rebound... "Foreigners and Institutions Selling"
The KOSPI is falling by nearly 1%. Despite a rebound in the U.S. stock market, selling by foreigners and institutions is increasing the decline.
As of 9:30 a.m. on the 26th, the KOSPI recorded 2,474.77, down 20.99 points (0.84%) from the previous trading day.
Earlier, the New York stock market succeeded in rebounding. On the 25th (local time) at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average closed at 34,006.88, up 43.04 points (0.13%) from the previous trading day. The S&P 500, centered on large-cap stocks, rose 17.38 points (0.4%) to 4,337.44. The Nasdaq, focused on tech stocks, closed at 13,271.32, up 59.51 points (0.45%). Although U.S. Treasury yields rose and concerns about a federal government shutdown increased, individual stocks rebounded and closed higher.
On this day, the KOSPI started the session lower. In particular, the decline is widening as foreigners switched from net buying to net selling.
By investor type, foreigners and institutions sold net amounts of 4.1 billion KRW and 160.8 billion KRW, respectively. Meanwhile, individuals bought net 161.9 billion KRW.
Most sectors are falling, with securities, pharmaceuticals, construction, finance, and services down more than 1%. In contrast, food and beverages rose 1.55%.
Among the top market capitalization stocks, Samsung Electronics recorded 68,800 KRW, down 600 KRW (0.86%) from the previous trading day. NAVER, KB Financial Group, and Samsung Biologics also fell more than 2%. LG Energy Solution, SK Hynix, Hyundai Motor, and Hyundai Mobis declined more than 1%. On the other hand, POSCO Future M rose 1.63%.
The KOSDAQ recorded 837.66, down 1.51 points (0.18%) from the previous trading day.
By investor type, foreigners sold net 32.1 billion KRW, while individuals and institutions bought net 38.7 billion KRW and 0.5 billion KRW, respectively.
By sector, other services fell 1.12%. In contrast, food, beverages, and tobacco rose 1.03%.
Hot Picks Today
As Samsung Falters, Chinese DRAM Surges: CXMT Returns to Profit in Just One Year
- "Most Americans Didn't Want This"... Americans Lose 60 Trillion Won to Soaring Fuel Costs
- Man in His 30s Dies After Assaulting Father and Falling from Yongin Apartment
- Samsung Union Member Sparks Controversy With Telegram Post: "Let's Push KOSPI Down to 5,000"
- "Why Make Things Like This?" Foreign Media Highlights Bizarre Phenomenon Spreading in Korea
Among the top market capitalization stocks, EcoPro BM recorded 260,000 KRW, down 1,500 KRW (0.57%) from the previous trading day. Alteogen fell 10.74%, and HPSP declined 3.01%. L&F and Pearl Abyss also dropped more than 1%. On the other hand, Rainbow Robotics rose 3.22%, and POSCO DX and Classys are also rising more than 2%.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
