KOSPI Turns Down During Session Amid Foreign Selling

[Image source=Yonhap News]

The KOSPI index turned lower during the session, pressured by foreign selling.

As of 9:54 a.m. on the 12th, the KOSPI index was trading at 2551.21, down 5.67 points (0.22%) from the previous day. By investor type, foreigners are net sellers with 156.7 billion KRW, while institutions and individuals are net buyers with 89.6 billion KRW and 68.3 billion KRW, respectively. In program trading, there is a net purchase of 11.8 billion KRW in arbitrage trading and a net sale of 115.8 billion KRW in non-arbitrage trading.

The KOSPI index opened higher influenced by Tesla's strong performance in the New York stock market the previous day. However, it turned lower as foreign selling intensified.

By sector, more sectors are declining. Medical precision equipment is down 2.45%, steel and metals -2.29%, textiles and apparel -1.77%, distribution -0.82%, construction -0.72%, pharmaceuticals -0.67%, chemicals -0.61%, and machinery -0.52% are all weak. On the other hand, paper and wood are up 1.1%, food and beverages 0.91%, services 0.45%, and transportation and warehousing 0.37% are showing strength.

Among the top market capitalization stocks, Samsung Electronics is trading in a firm range, while LG Energy Solution is down 0.98%. SK Hynix -0.17%, Samsung Biologics -0.68%, POSCO Holdings -2.98%, and LG Chem -0.53% are also weak.

At the same time, the KOSDAQ index also appears to have turned lower. The KOSDAQ index is trading at 907.71, down 4.68 points (0.53%) from the previous day. By investor type, institutions and individuals are net buyers with 50.6 billion KRW and 31.9 billion KRW, respectively, while foreigners are net sellers with 69.4 billion KRW.

Among the top market capitalization stocks, EcoPro BM and EcoPro are down 4.14% and 4.69%, respectively, while Celltrion Healthcare -1.36%, POSCO DX -3.4%, L&F -1.25%, and Rainbow Robotics -2.59% are also weak. On the other hand, HLB is up 2.53%, JYP Ent. 1.41%, and SM is rising 4.1%.

Meanwhile, at the same time in the Seoul foreign exchange market, the won/dollar exchange rate is trading at 1326.7 won, down 4.4 won from the previous day.