KOSPI Turns Slightly Higher on Retail Buying After Sell Sidecar Triggered [Afternoon Market]

[Financial News] KOSPI turned slightly higher on the afternoon of the 18th, supported by retail buying.
As of 1:33 p.m. that day, KOSPI was trading at 7,512.41, up 19.23 points, or 0.26 percent, from the previous session.
KOSPI opened at 7,443.29, down 49.89 points, or 0.67 percent, from the previous session. At one point, the index fell by more than 5 percent, triggering a sell sidecar around 9:19 a.m. However, buying on dips by retail investors and institutions gradually narrowed the losses.
In the Korea Exchange Main Board, foreigners sold 3.0684 trillion won worth of shares, while retail investors and institutions bought 2.217 trillion won and 808.5 billion won worth, respectively.
Among the 14 largest stocks by market capitalization, Samsung Electro-Mechanics rose the most, up 4.75 percent, followed by Samsung Electronics, up 3.97 percent; Samsung Life Insurance, up 2.74 percent; and Hanwha Aerospace, up 1.40 percent.
On the other hand, Hyundai Motor Company fell the most, down 5.0 percent, followed by HD Hyundai Heavy Industries, down 3.59 percent; Kia, down 3.51 percent; and LG Energy Solution, down 3.48 percent. KOSDAQ was trading at 1,107.09, down 22.73 points, or 2.01 percent, from the previous session.
The index opened at 1,122.57, down 7.25 points, or 0.64 percent.
khj91@fnnews.com Kim Hyun-jung Reporter