End of Korea-US Summit... KOSPI at 3180 due to Foreign and Institutional Selling [fn Morning Market]

[Financial News] As the Korea-US summit concludes, KOSPI is showing weakness due to foreign and institutional selling. On the morning of the 26th, the KOSPI index is trading at 3180.66, down 29.20p (0.91%) from the previous trading day. The index opened at 3199.92, down 9.94p (0.31%) from the previous session. 
In the securities market, foreigners are net selling 4777 billion won, and institutions are net selling 1779 billion won, dragging down the index. Individuals are buying 6570 billion won alone. 
By sector, entertainment and culture (2.24%), textiles and apparel (1.25%), and telecommunications (0.62%) rose, while electricity and gas (-3.75%), construction (-3.32%), and machinery and equipment (-3.09%) fell.
Among the top market cap stocks, only LG Energy Solution (0.66%) and Samsung Biologics (0.39%) rose, while most large-cap stocks such as Samsung Electronics (-1.4%), SK Hynix (-0.19%), Hanwha Aerospace (-2.10%), and Hyundai Motor (-0.9%) showed weakness.
On the 25th (local time), as the Korea-US summit concluded, no specific agreements or verbal agreements on tariffs were announced. In the securities industry, it is believed that rather than receiving upward momentum in the domestic stock market, there may be a short-term concentration of supply and demand centered on specific sectors and themes such as shipbuilding and inter-Korean economic cooperation stocks.
Kim Dae-jun, a researcher at Korea Investment & Securities, said, "Today, rather than the overall market trend being unfavorable, individual stock markets will be more active," adding, "The shipbuilding and energy sectors mentioned directly by President Trump are the main areas of interest, and North Korea-related stocks may also be exposed to upward pressure. Export stocks with significant tariff impacts are not expected to show any special movements."
At the same time, the KOSDAQ index is trading at 800.42, up 2.40p (0.3%) from the previous trading day. The index started at 793.99, down 0.5% from the previous session, and then recovered to the 800 level.
In the KOSDAQ market, individuals and institutions net sold 128 billion won and 184 billion won, respectively, while only foreigners bought 567 billion won.

nodelay@fnnews.com Park Ji-yeon Reporter