KOSPI Stalls as Foreign and Individual Investors 'Sell'; KOSDAQ Rises 2%

KOSPI hovers around 5,210
Samsung Electronics and SK hynix both fall
KOSDAQ battery and equipment stocks rise strongly

The KOSPI was down on the morning of the 11th after opening lower, while the KOSDAQ was up more than 2%.

As of 9:25 a.m., the KOSPI was trading at 5,210.63, down 28.50 points (0.54%) from the previous trading day. The index opened at 5,209.71, down 29.42 points (0.56%) from the previous trading day. By investor type, foreign investors and individuals were net sellers, offloading KRW 103.8 billion and KRW 37.5 billion worth of shares, respectively, weighing on the index. Institutional investors, meanwhile, were net buyers of KRW 33.3 billion worth of shares.

An employee works at Hana Bank's dealing room in Jung-gu, Seoul, on the morning of the 11th, as the KOSPI trades flat in early trading. Yonhap News Agency

Among the largest companies by market capitalization, Celltrion (3.45%), NAVER (2.18%), Hyundai Mobis (1.00%), Hana Financial Group (1.01%) and KB Financial Group (0.72%) were higher. Meanwhile, SK (-3.96%), Hanwha Aerospace (-2.28%), Samsung Electro-Mechanics (-2.15%), SK Square (-1.84%), Samsung Electronics preferred shares (-1.51%), Hyundai Motor (-1.45%), Samsung C&T (-1.43%), SK hynix (-1.24%) and Samsung Electronics (-0.80%) were lower.

At the same time, the KOSDAQ was trading at 681.56, up 13.95 points (2.09%) from the previous trading day. The index opened at 668.48, up 0.87 points (0.13%), and extended its gains. Foreign and institutional investors were net buyers of KRW 10.4 billion and KRW 7.9 billion worth of shares, respectively, lifting the index. Individuals were net sellers of KRW 18.7 billion worth of shares.

Among the largest companies by market capitalization, ISC (8.73%), SIMMTECH (6.38%), Jusung Engineering (6.30%), ROBOTIS (5.44%), HPSP (4.53%), EcoPro BM (4.61%), EcoPro (3.29%) and Wonik IPS (3.22%) were among the gainers. HLB (-1.49%) and LigaChem Biosciences (-0.67%), meanwhile, were lower.

Meanwhile, U.S. stocks in New York all closed lower on the 10th (local time), as inflation figures came in above expectations and Federal Reserve (Fed) officials emphasized the need for interest rate hikes.

The Dow Jones Industrial Average closed at 52,231.89, down 157.86 points (0.30%) from the previous trading day. The S&P 500 fell 29.01 points (0.38%) to 7,520.93, while the Nasdaq Composite dropped 187.26 points (0.74%) to 25,065.87. NVIDIA plunged 5.47% in the wake of a scandal involving CEO Jensen Huang.

This content was produced with the assistance of AI translation services.