KOSPI Declines Intraday Amid Net Selling by Foreigners and Institutions

On the 17th, the KOSPI started the session slightly down at 2,484 points and, along with the KOSDAQ, continued to widen its losses, remaining weak. The won-dollar exchange rate rose slightly. Employees are working in the dealing room at Hana Bank in Euljiro, Seoul. Photo by Heo Young-han

The KOSPI index is showing a downward trend during the session, pressured by net selling from foreigners and institutions.

As of 10:27 AM on the 17th, the KOSPI index is trading at 2471.15, down 0.67% from the previous day.

By investor type, institutions and foreigners are net sellers of 32.3 billion KRW and 242.4 billion KRW respectively, while individuals are net buyers of 255.4 billion KRW. In the futures market, however, institutions and foreigners are net buyers of 31.5 billion KRW and 7.3 billion KRW respectively, with individuals net selling 39.2 billion KRW.

More sectors are declining than rising. The chemical sector is down 1.72%, pharmaceuticals -1.28%, electrical and electronics -1.14%, transportation and warehousing -1.11%, manufacturing -0.98%, real estate -0.88%, food and beverages -0.69%, metals -0.55%, insurance -0.47%, and securities -0.56%. On the other hand, machinery and equipment is up 0.86%, textiles and apparel 0.73%, construction 0.75%, electricity and gas 0.55%, and general services 0.31%.

Top market capitalization stocks are mostly weak. Samsung Electronics is down 2.16%, LG Energy Solution -3.27%, Samsung Biologics -1.6%, Hyundai Motor -0.71%, Celltrion -1.83%, NAVER -0.93%, and Shinhan Financial Group -0.2%. Conversely, SK Hynix rose 2.51%, Kia 1.26%, KB Financial Group 1.3%, and Korea Zinc 0.43%.

At the same time, the KOSDAQ index is also showing a weak trend. The KOSDAQ index is trading at 692.79, down 0.82% from the previous day. By investor type, institutions and foreigners are net sellers of 13.9 billion KRW and 86 billion KRW respectively, while individuals are net buyers of 109 billion KRW.

Most of the top market capitalization stocks are declining. Alteogen is down 2.42%, EcoPro BM -5.62%, HLB -1.36%, EcoPro -4.33%, Ligand Chem Bio -0.37%, Hugel -1.1%, and Enchem -3.53%. Meanwhile, Classys is up 0.61%, Rino Industrial 6.12%, and Pharma Research 1.56%.

Meanwhile, in the Seoul foreign exchange market, the KRW/USD exchange rate is trading at 1435.8 KRW, down 0.2 KRW from the previous day.

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