Chaos in KOSPI... Foreigners' Net Selling

[Asia Economy Reporter Hwang Junho] On the morning of the 29th, the KOSPI showed an upward trend as institutional investors' net buying stood out, but it reversed to a decline as foreign investors' selling pressure gradually intensified.

As of 11:03 AM that day, the KOSPI recorded 3,235.24, down 1.62 points (0.05%) from the previous trading day. Individuals and institutions were net buying 41.9 billion KRW and 145.3 billion KRW respectively, but the index reversed to a decline as institutions net sold 183 billion KRW.

Among all stocks, 453 stocks showed an upward trend. Among the top market capitalization stocks, Samsung Electronics (-0.25%), SK Hynix (0.0%), NAVER (-0.34%), and Kakao (-0.34%) showed weakness.

Among industries, the textile and apparel sector and the food and beverage sector recorded gains in the 1% range. In the textile and apparel sector, TBH Global rose 5.21%, F&F 3.41%, and Meta Labs 2.13%.

The KOSDAQ recorded 1,039.78, up 4.10 points (0.40%). Individuals were net buying 89 billion KRW, but foreign and institutional investors were net selling 18.9 billion KRW and 35.9 billion KRW respectively. Among all stocks, 661 stocks were rising while 635 stocks were falling. Among the top market capitalization stocks, Kakao Games (-1.49%), Celltrion Pharm (-0.07%), and SK Materials (-0.55%) were declining.