KOSPI and KOSDAQ Slightly Lower... Foreigners and Institutions 'Selling'

[Asia Economy Reporter Hwang Yoon-joo] The KOSPI and KOSDAQ are showing slight declines. After starting higher, they quickly reversed to a downward trend due to selling pressure from foreigners and institutions.

As of 9:17 a.m. on the 21st, the KOSPI is trading at 2449.02, down 0.25% (6.10 points) from the previous day. The KOSPI opened at 2457.51, up 0.10% (2.39 points), but soon turned downward.

Foreigners and institutions are weakening the index with their supply and demand. Foreigners and institutions are net selling 31.4 billion KRW and 82.6 billion KRW respectively. Meanwhile, individuals are net buying 111.6 billion KRW. In the futures market, foreigners alone are selling 270.5 billion KRW, while individuals and institutions are buying 94.6 billion KRW and 158.6 billion KRW respectively.

Among the top 10 stocks by market capitalization, only LG Energy Solution +0.19%, Samsung SDI +0.29%, and LG Chem +1.20% are rising. On the other hand, NAVER -1.37%, SK Hynix -1.08%, and Samsung Electronics -0.96% are showing the largest declines.

As of 9:21 a.m., the KOSDAQ is at 788.04, down 0.11% (0.85 points) from the previous day. The KOSDAQ also opened higher at 789.45, up 0.07% (0.56 points).

Foreigners and institutions are net selling 59.2 billion KRW and 9.4 billion KRW respectively, preventing the index from rebounding. Individuals alone are net buying 70.6 billion KRW.

Among the top 10 stocks by market capitalization, only EcoPro +4.24%, HLB +1.46%, and SM +0.82% are rising. Osstem Implant is showing a flat trend. Similar to the KOSPI, tech stocks such as Kakao Games -1.44% and Pearl Abyss -0.97% are notably declining.