KOSPI flat in the 5,320 range as foreigners and institutions buy [Afternoon Market Report]

[Financial News] The KOSPI is moving sideways in the 5,320 range. It was up more than 1% in early trading, supported by gains in U.S. tech stocks, but has since given back much of the rise under selling pressure from retail investors.
According to the Korea Exchange (KRX), as of 2:35 p.m. on the 10th, the KOSPI was trading at 5,327.63, up 29.59 points, or 0.56%, from the previous session.
On the main KOSPI market, foreign investors and institutions were net buyers of 98.6 billion won and 658.2 billion won, respectively, while individuals were net sellers of 927.7 billion won.
By sector, paper and wood (up 8.53%), transportation and storage (up 3.24%), and textiles and apparel (up 2.91%) were strong, while electricity and gas (down 2.29%), medical and precision instruments (down 0.90%), and transportation equipment and parts (down 0.87%) were weak.
Among large-cap stocks by market capitalization, Shinhan Financial Group (up 5.46%), KB Financial Group (up 3.17%), and Samsung Life Insurance (up 3.16%) were gaining. Hanwha Aerospace (down 5.53%), HD Hyundai Heavy Industries (down 1.48%), and Hanwha Ocean (down 1.28%) were declining.
At the same time, the KOSDAQ was trading at 1,118.10, down 9.45 points, or 0.84%, from the previous day. Individuals were net buyers of 419.1 billion won, while foreigners and institutions were net sellers of 344.3 billion won and 44.4 billion won, respectively.


koreanbae@fnnews.com Bae Han-geul Reporter