Foreigners and Institutions 'Sell Off'... KOSPI Falls to 2660 Level
Foreign Investors Also Net Sellers in Futures Market
The KOSPI has fallen to the 2660 level due to simultaneous selling by foreigners and institutions. All major semiconductor stocks, which hold a large portion of the market capitalization, are weak.
As of 9:27 AM, the KOSPI is trading at 2661.74, down 0.58% (15.56 points) from the previous day. The KOSPI opened at 2666.63, down 0.40% (10.67 points) from the previous close.
Foreigners and institutions are net sellers of 43 billion KRW and 163.2 billion KRW respectively, pulling the index down. Individual investors alone are net buyers of 195.6 billion KRW. In the futures market, only foreigners are selling, offloading 219.6 billion KRW worth. Individuals and institutions are buying 79.7 billion KRW and 171.8 billion KRW respectively.
Among the top 10 stocks by market capitalization, only Samsung Biologics (+0.55%) and KB Financial Group (+0.77%) are rising. Kia is down -1.80%, NAVER -1.77%, LG Energy Solution -1.02%, SK Hynix -0.74%, and Samsung Electronics -0.40%.
As of 9:31 AM, the KOSDAQ is up 0.05% (0.40 points) at 838.76 compared to the previous day. The KOSDAQ opened at 835.63, down 0.34% (2.82 points) from the previous close. Foreigners alone succeeded in rebounding with net purchases of 18.2 billion KRW.
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The top 10 stocks by market capitalization show mixed trends. Alteogen is up +3.08%, EcoPro +1.22%, Classys +0.73%. Only HLB -0.30%, Rino Industrial -1.47%, and HPSP -0.11% are down.
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