KOSPI Defends 2500 Level Despite Foreigners' 'Selling' Pressure

Samsung Electronics and SK Hynix Weakness

Various indices including the Nasdaq are displayed on the electronic board in the dealing room of Hana Bank in Euljiro, Seoul.

On the 28th, the KOSPI is barely holding the 2500 level after starting lower due to net selling by foreigners. The semiconductor sector is notably declining.

At 9:05 AM, the KOSPI was trading at 2497.30, down 0.23% (5.76 points) from the previous day. The index opened at 2499.69, down 0.13% (3.37 points) from the previous close.

Foreigners are solely exerting downward pressure on the index with net sales of 70.8 billion KRW. Individuals and institutions are net buyers with 48.3 billion KRW and 22.5 billion KRW, respectively. In the futures market, only foreigners are selling, offloading 153.6 billion KRW, while individuals and institutions are buying 131.2 billion KRW and 25.8 billion KRW, respectively.

Among the top 10 stocks by market capitalization, weakness in semiconductors stands out. Samsung Electronics is down 0.36%, SK Hynix -1.90%, Celltrion -0.11%, KB Financial Group -0.81%, and Shinhan Financial Group -0.73%. On the other hand, LG Energy Solution is up 0.37%, Samsung Biologics +0.52%, Hyundai Motor +0.68%, Kia +0.21%, and NAVER +1.23%.

At 9:12 AM, the KOSDAQ was at 696.45, up 0.64% (4.45 points) from the previous day. The index opened at 694.96, down 0.43% (2.96 points) from the previous close. Foreigners and institutions are net sellers with 16.5 billion KRW and 14.6 billion KRW, respectively, while individuals are net buyers with 38.2 billion KRW.

Among the top 10 stocks by market capitalization, most are on the rise. Ecopro BM, which is moving to the KOSPI, surged 5.18%, ranking first in gains. Following are Ecopro +3.32%, Lygacam Bio +3.23%, Alteogen +1.96%, JYP Entertainment +1.90%, and Enchem +1.56%.

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