KOSPI and KOSDAQ Weakness... Foreigners and Institutions 'Selling'
Samsung Electronics Turns Slightly Firm
Hyundai Motor and Kia Show Strength
On the 18th, the KOSPI and KOSDAQ opened lower. Foreign investors and institutions showed a 'selling' trend in both markets, pulling the indices down. This is interpreted as a result of U.S. consumer data significantly exceeding expectations, raising prospects that the tightening policy may last longer, and additional U.S. semiconductor regulations dampening investment sentiment.
As of 9:28 a.m., the KOSPI was at 2,457.75, down 0.10% (2.42 points) from the previous day. The KOSPI opened at 2,452.05, down 0.33% (8.12 points) from the previous day.
Foreign investors and institutions are net selling 4.7 billion KRW and 27.5 billion KRW, respectively. Individual investors alone are net buying 37.6 billion KRW. In the futures market, foreign investors are solely buying 185 billion KRW, while individuals and institutions are selling 110.2 billion KRW and 75.9 billion KRW, respectively.
Among the top 10 stocks by market capitalization, Samsung Electronics turned slightly positive (up 0.14% to 69,500 KRW). Along with this, Hyundai Motor is up 1.43%, and Kia is up 1.46%. On the other hand, LG Chem is down 2.33%, LG Energy Solution down 2.00%, POSCO Future M down 1.17%, and SK Hynix down 1.08%.
As of 9:32 a.m., the KOSDAQ was at 818.60, down 0.22% (1.78 points) from the previous day. The KOSDAQ opened at 816.92, down 0.42% (3.46 points). Similar to the KOSPI, foreign investors and institutions are net selling 70 billion KRW and 32.8 billion KRW, respectively.
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Among the top 10 stocks by market capitalization, the trend is mixed. Ecopro BM is up 1.41%, SM up 1.17%, L&F up 1.06%, and Ecopro up 0.84%. Conversely, POSCO DX is down 2.55%, HLB down 1.63%, Pearl Abyss down 1.44%, and Alteogen down 1.17% stand out with declines.
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