KOSPI Turns Down During Session Amid Net Selling by Foreign Investors

The KOSPI index, which started higher, turned lower during the session due to selling pressure from foreigners and individuals.

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As of 10:06 a.m. on the 8th, the KOSPI index is trading at 2439.99, down 0.16% from the previous day.

By investor type, institutions are net buyers with 166.8 billion KRW, while foreigners and individuals are net sellers with 70.8 billion KRW and 54.3 billion KRW respectively, weighing on the index. In the futures market, institutions are net sellers with 75.6 billion KRW, whereas foreigners and individuals are net buyers with 39.3 billion KRW and 54 billion KRW respectively.

The New York stock market rose the previous day, supported by strong demand in U.S. short-term bond auctions, falling market interest rates, and ongoing expectations for the end of tightening, despite hawkish remarks from Federal Reserve (Fed) officials. Accordingly, the KOSPI index, which started higher, turned lower during the session due to net selling by foreigners and individuals.

Sector performance is mixed. The service sector is up 1.03%, medical precision 0.6%, pharmaceuticals 0.49%, distribution 0.48%, transportation and warehousing 0.46%, and textiles and apparel 0.42%. On the other hand, the insurance sector is down 1.67%, transportation equipment -1.1%, chemicals -0.64%, and food and beverages -0.44%.

Among the top market capitalization stocks, performance is also mixed. Samsung Electronics is down 0.56%, and SK Hynix is down 0.61%. Samsung Biologics -0.61%, Hyundai Motor -0.62%, LG Chem -0.51%, and NAVER -0.95% are also showing weakness.

Conversely, secondary battery-related stocks, which showed volatile movements after the short-selling ban, are showing gains. LG Energy Solution is up 1.47%, POSCO Holdings 0.32%, and Samsung SDI 0.43% are strong.

The KOSDAQ market is moving in a narrow range. The KOSDAQ index is trading at 825.13, up 0.09% from the previous day. The KOSDAQ index, which started lower today, is fluctuating due to mixed supply and demand. By investor type, institutions and foreigners are net buyers with 10.6 billion KRW and 20.6 billion KRW respectively, while individuals are net sellers with 30.3 billion KRW.

Among the top market capitalization stocks, EcoPro BM and EcoPro are down about 5-6%. POSCO DX is also down 2.84%. On the other hand, Celltrion Healthcare is up 0.58%, L&F 1.26%, Alteogen 2.69%, JYP Ent. 0.67%, and Pearl Abyss 4.75% are rising.

Meanwhile, in the Seoul foreign exchange market, the won/dollar exchange rate is trading at 1304.5 won, down 3.3 won from the previous day.

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