Foreigners and Institutions Jointly 'Bearish'
Net Selling in Futures Market as Well
Samsung Electronics Returns to '50,000 Won Stock' Level
On the 16th, the Korean stock market opened lower due to simultaneous selling by foreigners and institutions. Following the sharp decline of major semiconductor stocks in the U.S. market overnight, domestic semiconductor sectors including Samsung Electronics and SK Hynix are also showing weakness.
At 9:44 a.m., the KOSPI was trading at 2,612.36, down 0.80% (21.09 points) from the previous day. The KOSPI opened at 2,606.70, down 1.02% (26.75 points) from the previous close.
Foreigners and institutions have been net sellers from the start of the session, selling 320.8 billion KRW and 136.4 billion KRW respectively. Only individuals are net buyers, purchasing 447.4 billion KRW. In the futures market, foreigners alone are selling 306.4 billion KRW, while individuals and institutions are buying 93.3 billion KRW and 227.2 billion KRW respectively.
Among the top 10 stocks by market capitalization, only LG Energy Solution is up by 1.73%. SK Hynix is down 4.30%, Samsung Electronics down 2.46%, Kia down 1.71%, Shinhan Financial Group down 1.56%, and POSCO Holdings down 1.13%. Samsung Electronics has fallen back to the '50,000 won stock' level.
At 10:05 a.m., the KOSDAQ was trading at 768.15, down 0.73% (5.66 points) from the previous day. The KOSDAQ opened at 769.19, down 0.60% (4.62 points) from the previous close. Similar to the KOSPI, foreigners and institutions are selling 75.2 billion KRW and 43.4 billion KRW respectively, while individuals are buying 133.9 billion KRW.
Among the top 10 stocks by market capitalization on the KOSDAQ, only Hugel is up 2.97% and EcoPro is up 0.12%. Notable declines include Rino Industrial down 4.20% and Samchundang Pharmaceuticals down 2.91%.
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