Foreigners and Institutions 'Sell' KOSPI Down 0.6%... KOSDAQ Also Down 0.8%
The KOSPI index is weak due to the selling dominance by foreigners and institutions.
As of 9:15 AM on the 13th, the KOSPI index was trading at 2464.40, down 15.42 points (0.62%) from the previous trading day. Individuals alone bought about 142.4 billion KRW worth, while foreigners and institutions sold about 66 billion KRW and 75.9 billion KRW, respectively.
Among the top market capitalization stocks, LG Energy Solution (-1.52%), SK Hynix (-0.89%), Samsung Electronics (-0.73%), and Samsung Biologics (-0.55%) declined in that order. POSCO Holdings and LG Chem (0.19%) rose.
By sector, transportation and warehousing (-1.12%), medical precision (-1.02%), and machinery (-0.99%) fell, while food and beverage (0.58%) and paper and wood (0.31%) rose.
On the 12th (local time), the Dow Jones Industrial Average closed at 33,631.14, down 173.73 points (0.51%) from the previous session. The S&P 500, focused on large-cap stocks, fell 27.34 points (0.62%) to 4,349.61. The tech-heavy Nasdaq index ended at 13,574.22, down 85.46 points (0.63%).
According to the U.S. Department of Labor, the Consumer Price Index (CPI) for September rose 3.7% year-over-year and 0.4% month-over-month. This slightly exceeded market expectations due to increases in housing costs and gasoline prices. However, the core CPI, which excludes volatile energy and food prices, showed a slowdown. The core CPI rose 4.1% year-over-year and 0.3% month-over-month, in line with market expectations. Concerns over inflation exceeding targets and expectations that high interest rates will continue even after rate hikes end have grown louder.
At the same time, the KOSDAQ index was recorded at 828.74, down 6.75 points (0.81%) from the previous session. Individuals net bought about 99.8 billion KRW, while foreigners and institutions net sold about 72.6 billion KRW and 26.1 billion KRW, respectively.
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Among the top market capitalization stocks, Ecopro (-1.60%), L&F (-1.51%), Ecopro BM (-1.18%), and HLB (-0.98%) declined. Alteogen (1.58%), SM (1.11%), and JYP Ent. (0.35%) rose.
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