KOSPI and KOSDAQ Close Lower... Foreigners and Institutions 'Sell Off'

Semiconductor and Battery Sectors Weaken
Automotive Stocks Show Strength

Dealers are working in the dealing room at the Seoul Hana Bank headquarters. Photo by Yonhap News

On the 10th, the Korean stock market fell across the board due to combined net selling by foreigners and institutions. Weakness in the semiconductor and battery sectors was notable.

The KOSPI is trading at 2,515.78, down 0.24% (6.12 points) from the previous day. On this day, the KOSPI opened at 2,528.42, up 0.26% (6.52 points) from the previous close.

Foreigners and institutions sold a net 39.4 billion KRW and 396.2 billion KRW respectively, pulling the index down. Only individuals bought a net 337.5 billion KRW. In the futures market, individuals and foreigners sold 122.1 billion KRW and 150 billion KRW respectively, while only institutions bought 262.1 billion KRW.

Among the top 10 stocks by market capitalization, the semiconductor and battery sectors showed weakness. Samsung Electronics recorded -1.43%, SK Hynix -0.73%, and LG Energy Solution -2.79%. On the other hand, Hyundai Motor and Kia closed up by 6.10% and 2.23%, respectively.

The KOSDAQ closed at 717.89, down 0.78% (5.63 points) from the previous day. On this day, the KOSDAQ opened at 722.21, down 0.18% (1.31 points) from the previous close. Foreigners and institutions sold a net 124.2 billion KRW and 106.7 billion KRW respectively. Only individuals bought a net 226.3 billion KRW.

Among the top 10 stocks by market capitalization, only Alteogen +0.16%, HLB +1.65%, and Classys +0.76% closed with gains.