KOSPI, Flat Due to Foreign 'Sell'... Fluctuating Around 3220 [fn Morning Market]

[Financial News] The KOSPI is moving within a flat range due to net selling by foreigners. Last night, the U.S. stock market continued its record rally as rotational buying spread due to expectations of interest rate cuts, but domestically, the upside is limited due to uncertainties in policies such as capital gains tax standards. On the morning of the 14th, the KOSPI index is trading at 3223.04, down 1.33p (0.04%) from the previous trading day. The index opened at 3226.52, up 0.07% from the previous session, and is moving within a flat range.
In the securities market, individuals and foreigners are net selling 38.9 billion KRW and 25.2 billion KRW respectively, while only institutions are showing a net buying advantage of 26.8 billion KRW.
By sector, distribution (1.15%), chemicals (0.95%), and insurance (0.91%) are rising, while real estate (-2.1%), electricity and gas (-1.06%), and transportation and storage (-0.92%) are falling.
Among the top market capitalization stocks, Samsung Electronics (-0.42%), SK Hynix (-2.61%), and Samsung Biologics (-0.67%) are on a downward trend, while LG Energy Solution (0.9%), Hanwha Aerospace (1.94%), and Hyundai Motor (0.69%) are rising.
Last night, the New York stock market continued its record rally as rotational buying flowed into relatively neglected stocks despite the lull in big tech. U.S. Treasury Secretary Scott Besant urged that a base rate 1.5% lower than the current level is needed, and that the Federal Reserve should immediately cut by 50bp starting in September, leading to expectations of rate cuts and strengthening of small and mid-cap stocks excluding the Magnificent 7.
Lee Sung-hoon, a researcher at Kiwoom Securities, said, "On this day, the domestic stock market is expected to continue a flat trend around 3200p with a supply and demand battle, while volatility is expected to expand amid option expiration," adding, "Major stock markets in the U.S., Japan, etc. are continuing a risk asset preference rally due to easing tariff uncertainties and expectations of Fed rate cuts, while the domestic stock market is limited by its own policy uncertainties."
At the same time, the KOSDAQ index is trading at 816.32, up 2.22p (0.27%) from the previous trading day. The index started at 814.48, up 0.05% from the previous session.
In the KOSDAQ market, only individuals are buying 82.3 billion KRW worth, while foreigners and institutions are showing net selling advantages of 35.4 billion KRW and 17 billion KRW respectively.


nodelay@fnnews.com Ji-yeon Park Reporter