Foreign Selling Pressure Turns KOSPI Down in Early Trading... Down 0.07%

[Asia Economy Reporter Kwon Jaehee] On the 8th, the KOSPI index, which started higher, reversed to a decline in the early session.

As of 9:25 AM that day, the KOSPI index was trading at 2381.23, down 0.07% (1.58 points) from the previous trading day. The index opened the session at 2386.90, up 0.17% (4.09 points).

The decline in the index is analyzed to be due to foreign selling pressure. Foreign investors sold stocks worth 106 billion KRW in the early session. In contrast, individual and institutional investors were net buyers of stocks worth 79.5 billion KRW and 25.9 billion KRW, respectively.

At the same time, the KOSDAQ index also started the session at 717.04, down 0.15% (1.10 points). The KOSDAQ opened at 718.37, up 0.03% (0.23 points) from the previous trading day.

By investor type, foreign investors were net sellers of stocks worth 46.6 billion KRW, while individual and institutional investors bought stocks worth 50.9 billion KRW and 5.5 billion KRW, respectively.