'Even if Samsung Electronics rises 5%' KOSPI struggles to hold 3200 [fn afternoon market]

[Financial News] The KOSPI index is barely maintaining the 3200 level on the 28th during the day.
As of 2 PM that day, the KOSPI is pointing at 3202.93, up 6.88p (0.22%) from the previous trading day.
In the stock market, foreigners and institutions are net buying 79.8 billion won and 403.8 billion won, respectively. Individuals are showing a net selling dominance of 546.6 billion won.
Among the top market cap companies, Samsung Electronics is showing strong performance at around 5%. Both Samsung Electronics (5.54%) and Samsung Electronics preferred stock (4.41%) are continuing their upward trend. On the other hand, SK Hynix continues its weak performance from the beginning of the session, trading at 263,500 won, down 0.94%.
Shinhan Investment Corp. researcher Lee Jaewon said, "The KOSPI is seeing an expanded decline in policy beneficiary stocks such as financial holding companies and holding companies due to concerns over tax reform," adding, "By industry, shipbuilding, defense, machinery (power equipment), utilities, and secondary batteries are rising, while financial holding companies, holding companies, securities, and insurance sectors are declining."
At the same time, the KOSDAQ index is down 2.58p (0.32%) to 804.37 compared to the previous session.

elikim@fnnews.com Kim Mihee Reporter