KOSPI Falls to 2695 Amid Foreigners' 'Selling' Pressure

Samsung Electronics Battle Around 76,000 Won Range

[Image source=Yonhap News]

On the 27th, the KOSPI and KOSDAQ opened lower due to foreign investors' 'selling' pressure. Although the US Dow Jones index hit an all-time high overnight, cautious sentiment grew mainly around large semiconductor stocks ahead of Nvidia's earnings announcement, which has been leading the artificial intelligence (AI) boom.

As of 9:48 a.m., the KOSPI stood at 2693.82, down 0.16% (4.19 points) from the previous trading day. The KOSPI started the day at 2696.24, down 0.07% (1.77 points) from the previous close, and has since widened its losses slightly.

Individual and foreign investors are net sellers of 21.8 billion KRW and 47.1 billion KRW respectively, pulling the index down. Institutions alone are net buyers of 75.1 billion KRW. In the futures market, individuals and foreign investors are net buyers of 76.3 billion KRW and 236.9 billion KRW respectively, while institutions are net sellers of 301.4 billion KRW.

Among the top 10 stocks by market capitalization, Samsung Biologics is up 3.01%, POSCO Holdings up 1.30%, and LG Energy Solution up 0.40%. On the other hand, Shinhan Financial Group is down 2.28%, Kia down 1.65%, and Hyundai Motor down 1.40%.

As of 9:57 a.m., the KOSDAQ is trading at 763.46, down 0.43% (3.33 points) from the previous day. The KOSDAQ opened at 765.10, down 0.22% (1.69 points) from the previous close, and the losses are widening. Foreign and institutional investors are net sellers of 34.7 billion KRW and 21.7 billion KRW respectively, while individuals are net buyers of 60.6 billion KRW.

Among the top 10 stocks by market capitalization on the KOSDAQ, most are declining. Ligakem Bio is down 3.47%, HLB down 2.45%, Hugel down 2.35%, and Enchem down 2.31%. Only Samchundang Pharmaceutical is up 1.91%, Classys up 1.32%, and Rainbow Robotics up 0.39%.

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