KOSPI Retreats to 2850 Level Amid Foreign Selling... 'Semiconductor Weakness'

by Lee Seunghyeong

Published 12 Jul.2024 09:53(KST)

The KOSPI retreated to the 2850 level due to foreign selling. Large semiconductor stocks such as Samsung Electronics and SK Hynix are showing weakness.

[Image source=Yonhap News]

As of 9:43 a.m. on the 12th, the KOSPI recorded 2,858.10, down 33.25 points (1.15%) from the previous trading day.

By investor type, individuals and institutions are net buyers of 101.2 billion KRW and 161.4 billion KRW, respectively. On the other hand, foreigners are net sellers of 256.5 billion KRW.

By sector, textiles and apparel are up 2.00%. Pharmaceuticals, construction, and services are also rising more than 1%. Conversely, electric and electronics are down 2.87%. Manufacturing and food and beverages are also down more than 1%.

Among the top market capitalization stocks, Samsung Electronics is trading at 84,600 KRW, down 3,000 KRW (3.42%) from the previous trading day. SK Hynix is down 4.36%. POSCO Holdings and Samsung C&T are also down more than 1%. On the other hand, NAVER is up 2.27%. Additionally, Celltrion, KB Financial Group, and Shinhan Financial Group are rising more than 1%.

The KOSDAQ recorded 853.19, up 0.77 points (0.09%).

By investor type, individuals are net sellers of 61.6 billion KRW. Meanwhile, foreigners and institutions are net buyers of 65.7 billion KRW and 2.5 billion KRW, respectively.

By sector, entertainment and culture are up 1.85%. Conversely, non-metallic minerals are down 1.52%. Distribution, pharmaceuticals, and machinery and equipment are in slightly negative territory.

Among the top market capitalization stocks, EcoPro BM traded at 189,900 KRW, up 900 KRW (0.48%) from the previous trading day. Celltrion Pharm is up 4.19%. Pearl Abyss rose 3.91%. On the other hand, Samchundang Pharm fell 4.24%, and HLB dropped 3.79%. Lino Industrial is down more than 1%.