KOSPI 7,800level holds, ETFs break the foreign-selling pattern

KOSPI 7,847.71 to close the session. Views emerged that the foreign-selling pattern had weakened. Reports continued to point to exchange-traded funds (ETFs) as influencing supply and demand.

The KOSPI opened at 7,873.12 to start the session. Individuals and institutions turned to net buying. Their purchases contributed to the index's rise.

Some stocks drove sharp gains on the KOSDAQ. On the KOSDAQ, 5 surges in the percent range triggered a buy-sidecar. A buy-sidecar is a system that limits net buying for a set period.

In the market, 5assessments emerged that the strength of the upward trend had changed compared with the beginning of the month. Unlike the unsettled movement in the early stages of the sharp rise, analysts said the index’s gains were relatively stable. However, volatility on the KOSDAQ remained high.

Several reports cited ETF balances and fund flows as factors that had recently altered supply and demand. Some institutions said ETF buying had strengthened the concentration in large-cap stocks. A difference was observed between foreign investors’ trading patterns and ETF-centered fund flows.

Market participants are closely watching foreign investors’ future trading trends and changes in ETF balances. Market safeguards, including trading halts and the activation of buy-sidecars, were also triggered in some cases that day. Net buying and selling indicators by investor type remained key points of focus.