KOSPI Shows Slight Weakness Amid Foreign Investors' Turnaround... Top Market Cap Stocks Also Underperform

All Top Market Cap Stocks Including Samsung Electronics Underperform
Q1 Earnings Improvement Stocks Take Flight

The domestic stock market showed a slightly weak trend during the morning session on the 9th. Foreign investors had maintained a 'buy' trend based on closing prices in the KOSPI market for seven consecutive trading days until the previous day, but currently, they are showing a selling dominance. Major stocks by market capitalization, including Samsung Electronics, also appear to be struggling.

As of 10:30 a.m. on the day, the KOSPI index recorded 2,740.92, down 4.13 points (0.15%) from the previous session. The index started at 1,743.29, down 0.06% from the previous session, and maintained a weak trend during the session.

By sector, most showed a flat trend. Electric and gas utilities (3.10%) and transportation and warehousing (1.63%) were on the rise, while pharmaceuticals (-0.81%) and securities (-0.71%) experienced relatively larger declines. There were 441 advancing stocks, 413 declining stocks, and 78 stocks unchanged.

By investor type, foreigners (-88.2 billion KRW) and individuals (-1.1 billion KRW) both engaged in selling, while institutions net purchased stocks worth 93.3 billion KRW.

All 10 of the top market capitalization stocks were in decline. Samsung Electronics (-0.49%), SK Hynix (-0.11%), LG Energy Solution (-1.53%), Samsung Biologics (0%), Samsung Electronics Preferred (-0.60%), Hyundai Motor (-1.65%), Kia (-1.29%), Celltrion (-2.16%), and POSCO Holdings (-0.25%) all showed a gloomy outlook.

Among individual stocks, Naver, caught up in the 'Line-Yahoo incident,' showed a weak trend early in the session. Naver is trading at 187,900 KRW, down 1.57%, as the possibility of 'Line,' Japan's top messenger, becoming a Japanese company has come to the forefront. W Games rose about 3% following strong first-quarter earnings, and NHN, which also posted a first-quarter earnings surprise, rose more than 9%.

Meanwhile, at the same time, the KOSDAQ index recorded 871.95, down 0.47 points (0.05%) from the previous session. The index started at 871.17, down 0.14%, and maintained a slightly weak trend.