Foreign and Institutional Selling Pressure... Domestic Stock Market Decline
The domestic stock market is on a downward trend on the morning of the 1st due to selling pressure from foreigners and institutions.
As of 9:53 a.m. that day, the KOSPI was trading at 2551.23, down 4.92 points (0.19%) from the previous day. The index opened at 2542.96, down 13.19 points (0.52%), then slightly reduced its losses. Currently, foreigners are net selling 67.1 billion KRW and institutions are net selling 99.9 billion KRW. Individuals are solely buying 167.8 billion KRW worth.
Among the top market capitalization stocks, Shinhan Financial Group (3.70%), Samsung Life Insurance (2.86%), POSCO Future M (2.67%), Samsung C&T (2.56%), LG Energy Solution (2.33%), LG Chem (2.07%), and Samsung SDI (1.53%) are rising. On the other hand, SK Hynix (-2.25%), Korea Zinc (-1.00%), Meritz Financial Group (-0.39%), and Samsung Electronics (-0.34%) are declining.
By sector, insurance (1.80%), chemicals (0.44%), and finance (0.42%) are rising. Conversely, medical precision (-2.73%), construction (-1.29%), food and beverage (-0.98%), and transportation and warehousing (-0.94%) sectors are falling.
On the 31st of last month (local time), the New York stock market closed with the Dow Jones Industrial Average, centered on blue-chip stocks, down 378.08 points (0.9%) to 41,763.46. The large-cap S&P 500 index fell 108.22 points (1.86%) to 5705.45, and the tech-heavy Nasdaq index dropped 512.78 points (2.76%) to 18,095.15.
At the same time, the KOSDAQ index recorded 734.79, down 8.27 points (1.11%) from the previous session. The index opened at 735.67, up 7.39 points (0.99%). Foreigners and institutions net sold 81.0 billion KRW and 41.2 billion KRW respectively. Individuals bought 124.8 billion KRW worth.
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Among the top market capitalization stocks, HPSP (14.15%), Samchundang Pharmaceutical (3.77%), and Silicon Two (1.31%) are rising. Conversely, EO Technics (-5.67%), Pharma Research (-5.10%), Lino Industrial (-3.83%), ST Pharm (-3.59%), and Classys (-3.35%) are declining.
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