KOSPI Falls Below 5,500 Intraday as Foreigners Turn Net Sellers [Financial News Morning Market Brief]

[Financial News] The Korea Composite Stock Price Index (KOSPI) is maintaining an upward trend, supported by net buying from institutional investors.
As of 11:02 a.m. on the 7th, the KOSPI was trading at 5,451.32, up 0.99 points (0.02%) from the previous session.
The index opened at 5,552.19, up 101.86 points (1.87%) from the previous day, but it gave back most of its gains as individuals and foreign investors continued net selling.
In the Stock Market Division of the Korea Exchange, institutional investors are net buyers of 24.1 billion won. In contrast, individual investors are net sellers of 21.4 billion won, and foreign investors are offloading 132.5 billion won.
Among large-cap stocks, movements are mixed. Samsung Electronics and SK hynix are edging up 0.21% and 0.90%, respectively, while Hyundai Motor Company (-0.32%) and LG Energy Solution (-0.36%) are weaker.
By sector, general services are up 1.15%, followed by construction at 0.63%. In contrast, entertainment and culture are down 2.45%, and metals are lower by 1.25%.
At the same time, the KOSDAQ Index was trading at 1,037.03, down 10.34 points (0.99%) from the previous session.

dschoi@fnnews.com Choi Doo-seon Reporter