Foreigners and Institutions 'Sell' Leads to Slight KOSPI Decline... KOSDAQ Remains Steady

Dealing room of Hana Bank headquarters, Jung-gu, Seoul. Photo by Jo Yongjun jun21@

The KOSPI index is slightly declining due to selling pressure from foreigners and institutions.

As of 9:55 AM on the 23rd, the KOSPI index was trading at 2370.95, down 4.05 points (0.17%) from the previous trading day. The index opened at 2369.74, down 5.26 points (0.22%), but the decline narrowed slightly afterward. Individuals alone purchased about 61.1 billion KRW worth of stocks, while foreigners and institutions sold approximately 47.6 billion KRW and 23 billion KRW respectively.

Among the top market capitalization stocks, Hanwha Ocean fell by 3.35%, followed by Krafton down 2.76%, while Amorepacific rose 2.61% and Kia increased 2.45%.

By sector, Medical Precision (2.45%), Textile & Apparel (1.08%), Transportation Equipment (1%), and Food & Beverage (0.45%) showed strength. Conversely, Securities (-3.83%), Construction (-2.31%), and Finance (-1.27%) sectors were weak.

On the 20th (local time) at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average closed at 33,127.28, down 286.89 points (0.86%) from the previous session. The Standard & Poor's (S&P) 500 index fell 53.84 points (1.26%) to 4,224.16, and the Nasdaq index dropped 202.37 points (1.53%) to 12,983.81. These movements were influenced by rising U.S. Treasury yields, disappointing corporate earnings, and geopolitical uncertainties in the Middle East.

At the same time, the KOSDAQ index was recorded at 772.84, up 3.59 points (0.47%) from the previous session. Individuals and institutions purchased 2.4 billion KRW and 9.7 billion KRW respectively, while foreigners net sold 4.7 billion KRW.

Among the top market capitalization stocks, L&F rose 6.99%, Rainbow Robotics increased 2.15%, while POSCO DX fell 2.09% and EcoPro declined 1.6%.

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