KOSPI Declines Early Session Due to Foreign and Institutional 'Selling'... KOSDAQ Down

[Image source=Yonhap News]

[Asia Economy Reporter Lee Jung-yoon] The KOSPI index showed weakness in the early session as foreigners and institutions exhibited selling pressure.

As of 9:11 a.m. on the 30th, the KOSPI index was recorded at 2,422.50, down 10.89 points (0.45%) from the previous trading day. The index opened at 2,424.44, down 8.95 points (0.37%), and the decline widened. Individuals bought a net amount worth approximately 92.7 billion KRW, helping to curb the index's fall. In contrast, foreigners and institutions sold net amounts worth 20.8 billion KRW and 73.9 billion KRW, respectively.

Among the top market capitalization stocks, LG Energy Solution fell the most, down 1.41%. Samsung SDI also dropped 0.97%. Only POSCO Holdings rose by 0.51%, showing an upward trend, while Hyundai Motor remained flat.

At the same time, the KOSDAQ index was also on a downward trend. It traded at 723.37, down 4.17 points (0.57%) from the previous day. The index started trading at 726.56, down 0.98 points (0.13%), and the decline widened due to selling pressure from foreigners and institutions. Individuals bought a net amount worth about 47.4 billion KRW, while foreigners and institutions sold net amounts worth approximately 41.0 billion KRW and 2.5 billion KRW, respectively.

Among the top market capitalization stocks, except for Ecopro (0.67%) and HLB (0.31%), most stocks were down. Cheonbo fell 1.83%, Ecopro BM dropped 1.63%, and Lino Industrial declined 1.58% in that order.