KOSPI Closes Lower Amid Strong Selling by Institutions and Foreigners

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The KOSPI index closed lower, pressured by heavy selling from institutional and foreign investors.

On the 4th, the KOSPI index ended trading at 2662.1, down 20.42 points (0.76%) from the previous day. The trading volume was 759.2 million shares, and the trading value was tentatively estimated at 12.3555 trillion KRW.

By investor type, institutions and foreigners were net sellers of 314.6 billion KRW and 219.8 billion KRW respectively, while individuals defended the index by net buying 520.5 billion KRW. Program trading saw net selling of 34.3 billion KRW in arbitrage trading and 246.7 billion KRW in non-arbitrage trading.

The KOSPI index started lower influenced by the mixed performance of the New York stock market the previous day. Later, some related stocks surged on the possibility of 14 billion barrels of oil and gas reserves in the East Sea, but the index ultimately closed lower due to selling pressure from institutions and foreigners.

More sectors declined than rose. The retail sector fell 2.96%, insurance -2.78%, finance -2.34%, food and beverages -2.07%, machinery -1.94%, transportation equipment -1.8%, securities -1.7%, and textiles and apparel -1.46%. On the other hand, the pharmaceuticals sector rose 2.02%, paper and wood 1.25%, services 0.71%, and non-metallic minerals 0.39%.

Among the top market capitalization stocks, performances were mixed. Samsung Electronics and SK Hynix fell 0.53% and 0.46% respectively, Hyundai Motor -2.26%, Kia -1.41%, KB Financial Group -2.14%, Samsung C&T -2.38%, and Shinhan Financial Group -3.4%. Conversely, LG Energy Solution rose 1.36%, Samsung Biologics 0.13%, Celltrion 5.08%, and POSCO Holdings 0.27%.

The KOSDAQ index closed slightly higher. The KOSDAQ index ended at 845.84, up 1.12 points (0.13%) from the previous day. By investor type, institutions and individuals were net sellers of 8.1 billion KRW and 82.2 billion KRW respectively, while foreigners were net buyers of 101 billion KRW.

Most of the top market capitalization stocks showed strength. EcoPro BM and EcoPro rose 1.7% and 3.32% respectively, and Alteogen surged 17.34%. HLB rose 0.87%, Enchem 2.03%, Celltrion Pharm 2.99%, and Rainbow Robotics 1.31%. Meanwhile, Rino Industrial fell 1.65%, HPSP -2.54%, and Classys -1.96% closed lower.

Meanwhile, in the Seoul foreign exchange market, the KRW/USD exchange rate closed at 1376.0 KRW, down 0.1 KRW from the previous day.

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