The KOSPI index is weak due to net selling by foreigners and institutions.
As of 9:21 a.m. on the 17th, the KOSPI index was trading at 2,617.96, down 10.34 points (0.39%) from the previous trading day. Individuals were net buyers with about 147.9 billion KRW, while foreigners and institutions were net sellers with about 113.5 billion KRW and 33.1 billion KRW, respectively.
Among the top market capitalization stocks, Samsung SDI (-2.23%), LG Chem (-1.32%), LG Energy Solution (-0.92%), and Hyundai Motor (-0.72%) declined in that order. POSCO Holdings (4.03%) and Naver (0.24%) recorded gains.
By industry sector, textiles and apparel (-1.24%), transportation and warehousing (-1.15%), pharmaceuticals (-0.84%), and finance (-0.64%) declined. Conversely, steel and metals (1.69%), construction (1.68%), and paper and wood (0.65%) showed upward trends.
On the 14th (local time), the U.S. stock market showed mixed results despite news that corporate earnings for the second quarter exceeded expectations, due to rising Treasury yields. The Dow Jones Industrial Average rose 113.89 points (0.33%) to close at 34,509.03, the large-cap S&P 500 index fell 4.62 points (0.10%) to 4,505.42, and the tech-heavy Nasdaq index dropped 24.87 points (0.18%) to 14,113.70.
At the same time, the KOSDAQ index was recorded at 896.36, up 0.08 points (0.01%) from the previous trading day. Individuals were sole net buyers with about 108.1 billion KRW, while foreigners and institutions sold about 83.8 billion KRW and 21.8 billion KRW, respectively.
Among the top market capitalization stocks, L&F (-1.54%), Celltrion Healthcare (-1.15%), and Celltrion Pharm (-1.12%) declined. HLB (6.88%), POSCO DX (3.72%), and EcoPro (1.82%) showed strength.
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