KOSPI pauses after heavy foreign selling, KOSDAQ 8% rebound
6Month 30KOSPI saw its gains narrow late in the session as foreign investors placed more than trillion won in selling orders in the closing auction, ending at 1 and closing at 8,476.48. The previous day (29 day), KOSPI closed slightly lower at 8,394.65 while KOSDAQ posted a sharp rise centered on secondary batteries and biotech, surging by 8%.
KOSPI 6 month 30saw foreign investors place more than trillion won in selling orders in the closing auction late in the session on 1 and ended at 8,476.48. The foreign selling was notable because it was directly reflected at the market close.
Individual and institutional investors absorbed the selling that day, and the index closed slightly higher. KOSDAQ 920.52ended at 0.03% higher.
On the previous day, 6 month 29KOSPI closed slightly higher at 8,394.65. At one point during the session, it fell as low as 8,127.99.
29individual investors 4trillion won5,963and institutions 2trillion won9,329in net purchases.
On the same day, foreign investors 7trillion won7,557in net sales.
29The daily changes by sector are as follows.
| Sector | Change (%) |
|---|---|
| Construction | 10.19 |
| Medical/Precision Instruments | 8.94 |
| Chemicals | 8.83 |
| Insurance | -3.24 |
| Electrical/Electronics | -2.04 |
| Retail | -1.31 |
29%, Samsung SDI 19.46%, and Samsung Biologics 11.65% higher.8.08higher
Looking at trading over the two days, 29and 30both days saw foreign selling pressure affect the movement of the index.