'Foreigners' Fate' Domestic Stock Market Starts Down... KOSPI Gives Back Two Days' Gains

[Asia Economy Reporter Ji Yeon-jin] The domestic stock market started lower on the 6th due to foreign selling pressure. The US market fell sharply the previous day amid concerns over aggressive monetary tightening, giving back the gains made over the past two days from the opening.

The KOSPI index opened at 2,739.07, down 20.13 points (0.73%) from the previous day. As of 9:10 a.m., foreigners were net sellers of approximately 68.8 billion KRW, and institutions also sold about 8.5 billion KRW. Individuals bought stocks worth 83.1 billion KRW, defending against further declines in the index. At this time, the index was at 2,737.51, down 21.69 points (0.79%) from the previous day.

The KOSDAQ index also started trading down 8.20 points (0.86%) at 944.27 and is moving around the 944 level. In the KOSDAQ market, institutions were net sellers of 17.1 billion KRW, and foreigners sold 4.4 billion KRW. Individuals recorded net purchases of 24.1 billion KRW.