KOSPI retreats to 5,800 after hitting record high as foreigners, individuals face off

[The Financial News] On the 23rd, the KOSPI, boosted by strong buying from individual investors, broke above the 5,900 level for the first time in its history. However, it later gave up most of its gains under selling pressure from foreign and institutional investors and retreated to the 5,800 range.
As of 2:00 p.m. that day, the KOSPI was trading at 5,836.44, up 27.91 points, or 0.48%, from the previous session. The index had opened at 5,903.11, up 94.58 points, or 1.63%, from the prior close.
Around 9:04 a.m., it touched an all-time intraday high of 5,931.86 before surrendering a large portion of its advance. In the domestic main board market, foreign investors and institutions were net sellers of 1.0265 trillion won and 333.9 billion won, respectively.
Individuals, on the other hand, were net buyers of 1.2148 trillion won, helping to defend the index. Among the top 14 stocks by market capitalization, Hyundai Motor Company (up 2.55%), HD Hyundai Heavy Industries (up 0.83%), Samsung Electronics (up 0.82%), Kia (up 0.35%), and Celltrion (up 0.21%) were showing strength. In contrast, SK Square (down 2.59%), Doosan Enerbility (down 1.26%), Samsung Biologics (down 1.09%), and LG Energy Solution (down 1.0%) were weaker.
The KOSDAQ Index was trading at 1,156.55, up 2.55 points, or 0.22%, from the previous session. It had opened at 1,154.43, up 0.43 points, or 0.04%.



khj91@fnnews.com Kim Hyun-jung Reporter