Foreigners' Net Selling Pushes KOSPI Down Over 1%... 2400 Level Holds Steady

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[Asia Economy Reporter Kum Bo-ryeong] On the 14th, the KOSPI index fell more than 1% due to net selling by foreigners but managed to hold the 2400 level.

On that day, the KOSPI closed at 2407.49, down 30.04 points (1.29%) from the previous session.

The KOSPI opened at 2427.85, down 9.68 points (0.4%) from the previous trading day, and widened its decline.

In the stock market, individuals net bought stocks worth 596.9 billion KRW. In contrast, foreigners and institutions net sold 464.5 billion KRW and 124.1 billion KRW, respectively.

By sector, textiles and apparel (3.03%) and machinery (1.17%) rose, while chemicals (1.94%) and pharmaceuticals (1.51%) fell.

Among the top 10 companies by market capitalization, Kakao (0.55%) was the only one to rise. Samsung Electronics (1.19%), SK Hynix (0.62%), Samsung Biologics (2.44%), NAVER (0.65%), and LG Chem (5.02%) all declined.

The KOSDAQ also closed at 835.03, down 19.74 points (2.31%) compared to the previous session.

The KOSDAQ opened at 854.71, down 0.06 points (0.01%) from the previous trading day, and continued its downward trend.

In the KOSDAQ market, individuals net bought 186.2 billion KRW. Meanwhile, foreigners and institutions net sold 78.1 billion KRW and 101.7 billion KRW, respectively.

By sector, broadcasting services (1.61%) and information devices (0.11%) rose, while internet (2.39%), chemicals (2.47%), and computer services (1.8%) fell.

Among the top 10 market cap stocks, only CJ ENM (0.45%) rose. Celltrion Healthcare (3.7%), Seegene (19.11%), HL Biopharma (12.61%), and Alteogen (7.78%) declined.