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Foreign and Institutional Investors Sell Together... KOSPI and KOSDAQ Decline in Afternoon Session

Foreign and Institutional Investors Sell Together... KOSPI and KOSDAQ Decline in Afternoon Session [Image source=Yonhap News]


[Asia Economy Reporter Kwon Jae-hee] The KOSPI and KOSDAQ indices, which started lower on the 10th due to negative news from US Micron, continued their downward trend into the afternoon.


As of 1:31 PM on the 9th, the KOSPI index was trading at 2485.20, down 0.73% (18.26 points) from the previous trading day. The index opened at 2493.70, down 0.39% (9.76 points) from the previous day, and widened its losses.


By investor type, individuals were the sole net buyers with 144 billion KRW, while foreigners and institutions sold stocks worth 110 billion KRW and 73.3 billion KRW, respectively.


Among the top 10 market capitalization stocks, only Hyundai Motor remained flat, while the rest recorded declines. These include Samsung Electronics (-1.67%), LG Energy Solution (-0.44%), SK Hynix (-3.26%), Samsung Biologics (-1.33%), LG Chem (-3.28%), Samsung Electronics Preferred (-1.62%), NAVER (-1.32%), Samsung SDI (-0.33%), and Kakao (-2.76%).


At the same time, the KOSDAQ index stood at 824.97, down 1.04% (8.68 points) from the previous trading day. The KOSDAQ opened at 829.29, down 0.52% (4.36 points) from the previous day.


Regarding investment trends, individuals were again the sole net buyers with 182.2 billion KRW, while foreigners and institutions sold stocks worth 102.6 billion KRW and 71.9 billion KRW, respectively.


Among the top 10 market capitalization stocks in KOSDAQ, all except Pearl Abyss (0.16%), EcoPro (0.08%), and Cheonbo (1.40%) were in decline. These include Celltrion Healthcare (-0.63%), EcoPro BM (-0.41%), L&F (-0.33%), HLB (-3.61%), Kakao Games (-2.55%), Celltrion Pharm (-0.66%), and Alteogen (-3.27%).


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