Foreigners and Institutions 'Sell' Pressure Weighs on KOSPI... KOSDAQ Shows Upward Trend

On the 19th, the KOSPI started with a slight decline and mixed trends. Employees are working in the Hana Bank dealing room in Myeongdong, Seoul. Photo by Younghan Heo younghan@

The KOSPI is slightly down on the morning of the 19th due to selling pressure from foreigners and institutions.

As of 10:15 AM, the KOSPI index was trading at 2563.81, down 3.05 points (-0.12%) from the previous trading day. The index opened at 2564.81, down 2.05 points (0.08%), dropped to the 2550 level, and is gradually reducing its losses. Foreigners and institutions sold 91 billion KRW and 49.9 billion KRW respectively, while individuals bought 139.5 billion KRW.

Among the top market capitalization stocks, LG Electronics (2.19%), EcoPro BM (1.64%), Celltrion (1.24%), POSCO Holdings (0.82%), and LG Chem (0.60%) rose. On the other hand, SK Hynix (-1.00%), Samsung C&T (-0.85%), Naver (NAVER) (-0.67%), Hyundai Mobis (-0.67%), and Shinhan Financial Group (-0.39%) declined.

By sector, Medical Precision (0.60%), Steel & Metals (0.58%), Pharmaceuticals (0.55%), and Machinery (0.47%) are rising. Conversely, Electricity & Gas (-2.26%), Construction (-0.92%), Insurance (-0.77%), Distribution (-0.47%), and Non-metallic Minerals (-0.23%) sectors are falling.

On the 18th (local time) at the New York Stock Exchange (NYSE), the S&P 500 index, focused on large-cap stocks, closed up 0.45% at 4740.56. The Dow Jones Industrial Average closed flat at 37,306.02, and the Nasdaq index rose 0.61% to 14,904.81. Despite remarks from Federal Reserve officials dampening excessive expectations for rate cuts, the U.S. stock market appeared to be driven more by momentum to continue its upward trend.

At the same time, the KOSDAQ index rose 4.92 points (0.58%) to 855.88. The index opened at 850.36, down 0.60 points (0.07%), but quickly rebounded. Individuals and institutions bought 84 billion KRW and 4.8 billion KRW respectively, while foreigners sold 69.8 billion KRW net.

Among the top market capitalization stocks, LS Materials (20.93%), HLB (11.02%), JYP Entertainment (JYP Ent.) (8.57%), SM Entertainment (6.31%), EcoPro (4.61%), and L&F (3.17%) showed strong performance. In particular, LS Materials has surged more than seven times since its public offering price of 6,000 KRW on the 12th, reaching a market capitalization of around 3 trillion KRW (3.2169 trillion KRW) on this day. Meanwhile, L&F (-1.59%), Lunit (-1.36%), POSCO DX (-1.35%), Rainbow Robotics (-0.98%), and Kakao Games (-0.76%) are on a downward trend.

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