KOSPI Hits 6,500 in Early Trading, Turns Lower... SK hynix Also Weak

KOSPI Falls on Foreign Net Selling,
Individuals and Institutions Turn Net Buyers
KOSDAQ Also Down 1.6%, Trading Near 1,160

The KOSPI index, which had surpassed the 6,500 mark in early trading, reversed its gains and turned downward as foreign investors continued to be net sellers. SK hynix, the second-largest company by market capitalization on the KOSPI, is also trading weaker.

Yonhap News Agency

As of 12:57 p.m. on April 23, the KOSPI index was trading at 6,372.23, down 45.70 points (0.71%) from the previous trading day. Unlike the early session, when it hit a record high of 6,557.76, the index is now showing weakness.

This appears to be due to net selling by foreign investors. While foreigners started the session as net buyers, they have now shifted to net sellers with 576.677 billion won in net sales. Individual investors and institutions are net buyers with 472.191 billion won and 234.63 billion won, respectively.

Most sectors are also showing declines. Metals (-3.33%), transportation and storage (-2.47%), securities (-2.54%), paper and wood (-1.64%), textiles and apparel (-1.26%), and telecommunications (-1.40%) are all weak. On the other hand, retail (1.54%), machinery and equipment (1.25%), and construction (1.05%) are recording gains.

SK hynix, which set a new record high in early trading, has also reversed and is now trading lower. SK hynix is trading at 1,199,000 won, down 24,000 won (1.9%) from the previous day. In contrast, Samsung Electronics (1.0%) is still maintaining its upward trend.

Among other top market cap stocks, Samsung Electro-Mechanics (-5.9%), Samsung SDI (-5.4%), LG Energy Solution (-3.9%), Mirae Asset Securities (-3.7%), and Korea Zinc (-3.4%) are all trending lower. Meanwhile, LS ELECTRIC (7.1%), Hyosung Heavy Industries (4.4%), and Samsung C&T (3.8%) are on the rise.

The KOSDAQ index is also trading lower, down 18.99 points (-1.61%) from the previous trading day at 1,162.13. By investor type, foreigners and institutions are net sellers with 209.084 billion won and 122.086 billion won, respectively, while individuals are net buyers with 373.734 billion won.

By sector, most are declining, including retail (-2.93%), electrical and electronics (-2.72%), financials (-2.60%), transportation equipment and parts (-2.54%), and machinery and equipment (-2.22%). Only a few sectors, such as construction (2.26%) and non-metals (0.66%), are showing modest gains.

Among the leading stocks by market capitalization, EcoPro (-4.7%) and EcoPro BM (-5.7%), as well as Samchundang Pharm (-6.9%), Wonik IPS (-6.3%), ISC (-6.2%), and Pearl Abyss (-4.6%), are all trending down. In contrast, Caregen (11.5%), HPSP (6.6%), and Voronoi (6.5%) are on the rise.

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