KOSPI Recovers 3,200 Level... KOSDAQ Slightly Weaker

Foreign Investors and Institutions Turn to Selling

The Korean stock market showed mixed movements in early trading on August 7. Despite selling by foreign investors and institutions, the KOSPI recovered the 3,200 level, supported by buying from individual investors.

As of 9:25 a.m. on this day, the KOSPI index was trading at 3,203.04, up 4.90 points (0.15%) from the previous day. The index opened at 3,214.81, up 16.67 points (0.52%), but then reduced its gains and hovered near the 3,200 level. Foreign investors recorded a net selling of 61.5 billion won, while institutions sold 61.9 billion won. Individual investors purchased 111.9 billion won worth of shares.

By sector, entertainment and culture (4.27%), IT services (1.59%), transportation equipment and parts (1.00%), machinery and equipment (0.85%), electrical and electronics (0.52%), and transportation and storage (0.50%) rose. On the other hand, pharmaceuticals (-1.30%), food, beverage and tobacco (-1.11%), telecommunications (-1.11%), electricity and gas (-0.71%), chemicals (-0.53%), and general services (-0.52%) declined.

The KOSPI index and the won/exchange rates are displayed on the monitors in the dealing room of Hana Bank in Jung-gu, Seoul. Photo by Jo Yongjun

Among the top stocks by market capitalization, Kakao (4.58%), Hanwha Ocean (4.12%), HD Hyundai Heavy Industries (3.43%), Samsung Electronics (1.89%), HD Korea Shipbuilding & Offshore Engineering (1.43%), Doosan Enerbility (1.36%), Samsung Electronics Preferred (1.23%), Hyundai Mobis (1.22%), and Hyundai Motor (1.19%) advanced. In contrast, Celltrion (-2.24%), SK Hynix (-1.35%), Samsung Biologics (-0.87%), KB Financial Group (-0.87%), Korea Electric Power Corporation (-0.61%), and LG Energy Solution (-0.52%) declined.

The KOSDAQ index, at the same time, recorded 802.02, down 1.47 points (0.18%) from the previous day. The index started at 805.27, up 1.78 points (0.22%), but soon turned downward and remained slightly weak. Foreign investors and institutions sold 56.4 billion won and 19.4 billion won worth of shares, respectively. Individual investors recorded a net buying of 79.9 billion won.

Among the top KOSDAQ stocks by market capitalization, Hugel (4.39%), EO Technics (4.23%), Classys (1.58%), Leeno Industrial (1.31%), Rainbow Robotics (1.27%), and Silicon Two (0.97%) rose. Meanwhile, HLB (-3.98%), SM (-3.35%), ABL Bio (-2.61%), Samchundang Pharm (-1.89%), Peptron (-1.76%), LIG Chem Bio (-1.61%), EcoPro BM (-1.51%), Caregen (-1.44%), EcoPro (-1.25%), and Alteogen (-0.80%) declined.

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