KOSPI Falls on Foreign and Institutional Selling... Weakness in Semiconductors, Batteries, and Automobiles
Top 10 KOSPI Stocks by Market Cap All Declining
KOSDAQ Rises on Institutional 'Buy' Activity
On the 28th, the KOSPI started lower and is extending its losses. Among the top market capitalization stocks, major sectors such as semiconductors, batteries, and automobiles are all weak. In contrast, the KOSDAQ started higher and is showing a steady trend.
As of 9:56 AM, the KOSPI is trading at 2,748.66, down 0.23% (6.19 points) from the previous day. The KOSPI opened at 2,753.22, down 0.07% (1.89 points) from the previous close.
Foreign investors and institutions are net sellers of 65.4 billion KRW and 119.8 billion KRW respectively, pulling the index down. Only individual investors are net buyers with 181.5 billion KRW. In the futures market, foreign investors and institutions are net buyers of 59.9 billion KRW and 70.4 billion KRW respectively, while individuals are net sellers of 132 billion KRW.
Among the top 10 market capitalization stocks, only Samsung SDI is unchanged. The rest are all weak. Notable declines include LG Energy Solution -1.59%, Hyundai Motor -1.23%, Samsung Biologics -1.08%, and POSCO Holdings -1.05%.
As of 10:01 AM, the KOSDAQ is at 912.59, up 0.15% (1.34 points) from the previous day. The KOSDAQ opened at 912.33, up 0.12% (1.08 points) from the previous close. Unlike the KOSPI, individuals and institutions are net buyers of 28.3 billion KRW and 9.4 billion KRW respectively, while foreign investors are net sellers of 42.6 billion KRW.
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Among the top 10 market capitalization stocks, the trend is mixed. Notable gains include HPSP +3.69%, Enchem +3.96%, and Alteogen +2.20%.
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