KOSPI Narrows Intraday Losses on Foreigners' Net Buying

[Image source=Yonhap News]

The KOSPI index is reducing its intraday losses as net buying from foreigners flows in.

As of 10:20 AM on the 5th, the KOSPI index is trading at 2,670.54, down 3.05 points (0.11%) from the previous day. By investor type, institutions are net buying 98.7 billion KRW, while foreigners and individuals are net buying 19.9 billion KRW and 65.8 billion KRW, respectively.

The New York stock market showed mixed performance with differentiated stock prices by company and widened losses due to profit-taking selling near the end of the session, closing near the intraday low. Influenced by this, the KOSPI index, which started weak, is reducing its losses during the session thanks to buying by foreigners and individuals.

By sector, performance is mixed. Financials are up 0.8%, securities 0.74%, transportation and warehousing 0.62%, chemicals 0.59%, pharmaceuticals 0.53%, telecommunications 0.6%, machinery 0.39%, and medical precision 0.03% are showing strength. On the other hand, electric and gas utilities are down 1.57%, textiles and apparel -0.99%, electrical and electronics -0.87%, and non-metallic minerals -0.77% are declining.

Most of the top market capitalization stocks are showing weakness. Samsung Electronics is down 0.8%, SK Hynix -0.36%, LG Energy Solution -1.51%, Hyundai Motor -1.37%, Kia -0.96%, POSCO Holdings -0.44%, and Celltrion -1.19% are weak. Conversely, Samsung Biologics is up 1.81%, Samsung C&T 0.61%, and KB Financial 2.9% are rising.

At the same time, the KOSDAQ index is also showing a decline. The KOSDAQ index is trading at 864.2, down 8.71 points (1.0%) from the previous day. By investor type, institutions and foreigners are net selling 90 billion KRW and 93.8 billion KRW, respectively, while individuals are net buying 184.9 billion KRW.

Most of the top market capitalization stocks are weak. Ecopro BM and Ecopro are down 4.26% and 3.16%, respectively; HLB -2.8%, HPSP -0.89%, Enchem -4.2%, Celltrion Pharm -1.65%, and Lino Industrial -2.89% are declining. On the other hand, Alteogen is up 4.19%, and Rainbow Robotics is also rising 0.9%.

Meanwhile, in the Seoul foreign exchange market, the KRW/USD exchange rate is trading at 1,332.4 won, up 1.0 won from the previous day.

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