[Asia Economy Reporter Oh Ju-yeon] The KOSPI closed slightly lower around the 2230 level due to selling by foreign and institutional investors.
On the 15th, the KOSPI closed at 2230.98, down 0.35% from the previous trading day. Large-cap technology stocks, which had been on a rising rally since last month, turned downward after hitting new highs the previous day. Foreign investors switched to net selling in the IT sector for the first time in six trading days, indicating a slight pause in the buying momentum of tech stocks that had continued since the beginning of the year.
In the KOSPI market, individual investors net bought 313.8 billion KRW worth of shares, while foreign and institutional investors sold 87.9 billion KRW and 244.2 billion KRW worth, respectively.
Among the top market capitalization stocks, Samsung Electronics (-1.67%), SK Hynix (-2.29%), Samsung Biologics (-0.11%), and Hyundai Motor (-0.86%) declined, while NAVER (0.52%) and Hyundai Mobis (0.41%) rose.
The KOSDAQ index closed at 679.16, up 0.07% from the previous day. Individual investors net bought 117.8 billion KRW, while foreign and institutional investors net sold 9.8 billion KRW and 96.0 billion KRW, respectively.
Among the top market capitalization stocks, Celltrion Healthcare (-0.76%), CJ ENM (-0.87%), and Pearl Abyss (-2.16%) declined, while HL Biopharma (1.25%), Studio Dragon (0.23%), and KMV (1.06%) closed higher.
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