KOSPI retreats to 3440 after hitting a record high... KOSDAQ rises [fn Closing Market]

[Financial News] The KOSPI index hit an intraday record high on the 19th and then closed lower.
According to the Korea Exchange, the KOSPI index closed at 3445.24, down 0.46% from the previous trading day. It rose to a record high of 3467.89 shortly after the market opened but quickly turned downward, falling to the 3440 level.
In the stock market, foreigners and institutions net sold 390.2 billion won and 413.7 billion won worth of stocks, respectively. On the other hand, individuals net bought 730.6 billion won worth.
It is interpreted that the index was under downward pressure as profit-taking by foreigners emerged.
Jaewon Lee, a researcher at Shinhan Investment Corp, said, "Large semiconductor stocks have entered a technically overbought zone," and "Further upward momentum depends on progress in tariff negotiations and third-quarter corporate earnings."
Major stocks by market capitalization such as Samsung Electronics (-0.99%), LG Energy Solution (-1.41%), KB Financial (-0.77%), and Hyundai Motor (-2.06%) mostly closed lower.
By sector, transportation and warehousing (-2.72%), electricity and gas (-2.38%), chemicals (-1.32%), and textiles and apparel (-1.26%) declined. On the other hand, medical precision equipment (2.09%) and pharmaceuticals (0.61%) rose.
The KOSDAQ index closed at 863.11, up 0.70% from the previous session.
In the KOSDAQ market, foreigners and institutions net bought 216 billion won and 65.8 billion won worth of stocks, respectively, while individuals sold 219.3 billion won worth. 

hippo@fnnews.com Chanmi Kim Reporter