Foreigners and Institutions Sell Off, KOSPI and KOSDAQ Both Weaken

Foreigners and Institutions Lead Sell-Off
Large-Cap and Most Sectors Decline Amid Market Weakness

The domestic stock market is showing weakness on July 4, weighed down by selling pressure from foreigners and institutions.

As of 10:04 a.m. on this day, the KOSPI was trading at 3,089.95, down 26.32 points (0.84%) from the previous day. The index opened at 3,122.28, up 6.01 points (0.19%), but soon turned downward. Currently, foreigners have net sold 81.7 billion KRW, and institutions have net sold 87.5 billion KRW. In contrast, individual investors have net purchased 157.6 billion KRW.

On the 4th, the KOSPI, which started rising, gave up the 3100 level amid selling pressure from foreigners and institutions, continuing the battle. In the dealing room of Hana Bank in Jung-gu, Seoul, the index status board displays information on KOSPI, KOSDAQ, and exchange rates. Photo by Yoon Dongju

Among large-cap stocks, HMM (up 3.35%), POSCO Holdings (up 3.04%), Celltrion (up 2.79%), Samsung C&T (up 1.54%), Kia (up 0.80%), and Samsung Biologics (up 0.77%) are rising. On the other hand, HD Hyundai Heavy Industries (down 3.43%), Hanwha Aerospace (down 3.18%), KB Financial Group (down 2.14%), NAVER (down 1.98%), LG Energy Solution (down 1.88%), Samsung Life Insurance (down 1.49%), SK hynix (down 1.44%), and Kakao (down 1.34%) are declining.

By sector, electric and gas (up 4.46%), transportation and storage (up 1.24%), pharmaceuticals (up 0.59%), telecommunications (up 0.27%), retail (up 0.25%), and real estate (up 0.07%) are showing gains. In contrast, most sectors are weak, including securities (down 2.93%), transportation equipment and parts (down 2.02%), finance (down 1.52%), machinery and equipment (down 1.46%), general services (down 1.44%), mid-cap stocks (down 1.20%), medical precision instruments (down 1.18%), entertainment and culture (down 1.15%), and IT services (down 1.05%).

At the same time, the KOSDAQ index was at 783.21, down 10.12 points (1.28%) from the previous session. The index started at 792.65, down 0.68 points (0.09%), and has continued to widen its losses. Foreigners and institutions have net sold 138.2 billion KRW and 44.5 billion KRW, respectively, while individuals have net purchased 181.9 billion KRW.

Among the top KOSDAQ stocks by market capitalization, only a few are rising, including Celltrion Pharm (up 2.91%), PharmaResearch (up 1.10%), and JYP Ent. (up 0.70%). In contrast, most are declining, such as ABL Bio (down 5.66%), Legochem Bio (down 5.29%), Peptron (down 5.22%), Kolon TissueGene (down 4.67%), Alteogen (down 4.40%), Samchundang Pharm (down 3.75%), Hugel (down 3.18%), Silicon Two (down 2.84%), GemVax (down 2.81%), Ecopro BM (down 2.26%), Classys (down 2.24%), LinoTech (down 2.04%), Ecopro (down 1.77%), and SM (down 1.77%).