KOSPI, Tug of War Between Individuals and Institutions... Fluctuates Around 3160 [fn Morning Market]

[Financial News] The KOSPI index is in a tug of war around the 3160 line.
According to the Korea Exchange on the 23rd, as of 11:05 AM, the KOSPI index is trading at 3164.09, down 0.18% from the previous trading day. Opening at 3189.65, up 0.62% from the previous session, the KOSPI turned downward early in the session, then fluctuated repeatedly, remaining in a flat range.
In the securities market, individuals are selling off 430.5 billion won worth of stocks. On the other hand, foreigners and institutions are buying 69.6 billion won and 355.9 billion won worth of stocks, respectively.
Among the top market capitalization stocks, Samsung Electronics (-0.30%), SK Hynix (-0.47%), and Hanwha Aerospace (-1.74%) are declining. On the other hand, LG Energy Solution (0.60%), Samsung Biologics (0.96%), and Hyundai Motor (6.05%) are rising.
By sector, paper and wood (-2.53%), securities (-2.52%), IT services (-2.19%), and entertainment and culture (-1.78%) are falling. On the other hand, transportation equipment and parts (1.14%), metals (0.68%), and pharmaceuticals (0.41%) are on the rise.
Han Ji-young, a researcher at Kiwoom Securities, said, "The domestic stock market is showing a stagnant trend at the upper end of the index due to the weakness of the Philadelphia Semiconductor Index (-1.8%), concerns about the earnings of major domestic and foreign companies such as SK Hynix, Hyundai Motor, Alphabet, and Tesla concentrated in the latter half of the week, and the spread of caution about the second quarter earnings season in Korea and the U.S. is creating a restrictive stock market environment."
At this time, the KOSDAQ index is trading at 808.60, down 0.54% from the previous session.
In the KOSDAQ market, individuals are buying 197.1 billion won worth of stocks. On the other hand, foreigners and institutions are net selling 82.6 billion won and 86.4 billion won worth of stocks, respectively. 


hippo@fnnews.com Kim Chan-mi Reporter