Foreigners and Institutions Net Selling, KOSPI at 2620..Semiconductors and Secondary Batteries ↓ [fn Afternoon Market]

[Financial News] The domestic stock market is hovering at the 2620 level due to selling by foreigners and institutions. It is analyzed that a retracement market with the nature of profit-taking is unfolding following the sharp rise in the stock market just before the close the previous day.
On the afternoon of the 27th, the KOSPI index is trading at 2626.88, down 17.52p (0.66%) from the previous trading day. The index opened at 2630.29, down 0.53% from the previous session, and has been fluctuating.
In the securities market, individuals are net buying 157.8 billion won, while foreigners and institutions are showing net selling of 61.4 billion won and 119 billion won, respectively.
By sector, medical and precision instruments (2.96%), transportation equipment and parts (1.14%), and construction (0.76%) are rising. Electricity and gas (-3.06%), insurance (-2.08%), and transportation and warehousing (-1.83%) are weak.
Among the top market cap stocks, Samsung Electronics (-1.28%), SK Hynix (-0.49%), Samsung Biologics (-1.15%), and LG Energy Solution (-3.06%) are weak, while Hanwha Aerospace (6.48%), Celltrion (0.98%), and Doosan Enerbility (0.35%) are slightly rising.
Overnight, the US stock market was closed for Memorial Day, while the European stock market closed higher due to Trump's tariff deferral. The previous day's domestic stock market showed a good trend during the day due to the news of the EU tariff delay, and surged with large-scale inflows of spot purchases by financial investors and futures purchases by investment trusts at the end of the session.
On this day, the domestic stock market is showing profit-taking on the sharp rise before the previous day's close. Defense stocks, which stood out in the European stock market overnight, are showing strength.
Lee Jaewon, a researcher at Shinhan Investment Corp., said, "Today, foreigners are showing net selling in the spot and futures markets, while continuing net buying in the shipbuilding sector," adding, "By sector, defense, shipbuilding, refining, holding companies, and construction sectors are rising, while semiconductors, secondary batteries, finance, and automobile sectors are falling."
On this day, the KOSDAQ index is trading at 724.32, down 0.95p (0.13%) from the previous session. The index opened at 727.00, up 0.24% from the previous session, and is staying within a narrow range.
In the KOSDAQ market, individuals are buying 96 billion won, while foreigners and institutions are showing net selling of 58.4 billion won and 23.3 billion won, respectively.

nodelay@fnnews.com Park Jiyeon Reporter