"Foreigners Sell Individual Stocks" KOSPI Slightly Rises... KOSDAQ Declines

The KOSPI index, which showed mixed trends due to foreign buying and individual selling, closed slightly higher on the 9th.

Hana Bank Headquarters Dealing Room, Jung-gu, Seoul. Photo by Jinhyung Kang aymsdream@

As of that day, the KOSPI index closed at 2,427.08, up 5.46 points (0.23%) from the previous session. The index opened at 2,425.93, up 4.31 points (0.18%), then dipped below the 2,420 level but ultimately closed higher. Foreigners and institutions were net buyers of 282.9 billion KRW and 27.3 billion KRW respectively, while individuals sold off 308.2 billion KRW.

Researchers Kim Seok-hwan and Park Su-jin of Mirae Asset Securities said, "With heightened caution ahead of remarks by Jerome Powell, Chairman of the Federal Reserve (Fed), and Fed officials, the index lacked clear direction," adding, "The KOSPI rose due to foreign buying inflows in the electrical and electronic sectors and large-cap stocks."

Among the top market capitalization stocks, Samsung C&T (4.03%), Kakao (-3.75%), KB Financial Group (2.50%), Samsung Life Insurance (1.32%), and POSCO Holdings (0.88%) rose. On the other hand, POSCO Future M (-2.83%), Samsung SDI (-2.33%), LG Chem (-2.20%), and LG Energy Solution (-1.94%) declined.

By industry, retail (2.06%), non-metallic minerals (1.96%), transportation and warehousing (1.69%), telecommunications (1.48%), and food and beverages (1.27%) rose. Conversely, electric and gas utilities (-2.08%), pharmaceuticals (-1.11%), chemicals (-0.68%), and medical precision (-0.17%) sectors fell.

The KOSDAQ index closed at 802.87, down 8.15 points (-1.00%) from the previous trading day. The KOSDAQ opened at 813.89, up 2.87 points (0.35%), but soon turned downward. Foreigners and institutions sold approximately 3.5 billion KRW and 66.7 billion KRW respectively, while individuals were the sole net buyers with 91.9 billion KRW. Researcher Kim analyzed, "The KOSDAQ also declined due to increased volatility in secondary battery stocks."

Among the top market capitalization stocks, Wemade (8.85%), HPSP (2.47%), Rino Industrial (1.82%), and Soulbrain (1.43%) rose. Meanwhile, Pearl Abyss (-8.38%), Alteogen (-5.04%), and HLB (-4.22%) fell.

In the Seoul foreign exchange market that day, the won-dollar exchange rate closed at 1,310.1 won, down 0.5 won from the previous trading day.

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