KOSPI hovers around 5,500 amid tug-of-war as foreign investors sell and institutions buy [fn Afternoon Market Update]

[Financial News] The KOSPI is fluctuating around the 5,500 mark as foreign investors and institutions continue to battle over market flows.
According to the Korea Exchange (KRX) on the 26th, as of 2:53 p.m. the KOSPI was trading at 5,503.12, down 47.18 points (0.85%) from the previous trading day. It opened at 5,499.05, down 51.25 points (0.92%) from the previous session, and at one point fell as much as 1.71% to 5,455.11, but has narrowed its losses since the afternoon.
On the securities market, foreign investors were net sellers of 722.4 billion won. Institutions, by contrast, were net buyers of 664.4 billion won. Other corporations and individual investors were buying shares worth 40.6 billion won and 15.9 billion won, respectively.
Among the largest stocks by market capitalization, Samsung Electronics (-0.81%), LG Energy Solution (-1.17%), Samsung Biologics (-1.09%), Hyundai Motor (-2.37%) and KB Financial Group (-3.66%) were weaker. SK hynix (0.70%), SK Square (0.39%), Samsung Electro-Mechanics (0.18%) and Samsung Life Insurance (0.82%) were rising.
Most sectors were down, with the largest losses in medical and precision equipment (-5.10%), metals (-3.35%), textiles and apparel (-3.02%), transportation equipment and parts (-2.76%), construction (-2.42%), and machinery and equipment (-2.42%), in that order.
At the same time, the KOSDAQ was trading at 733.52, down 18.17 points (2.42%) from the previous session. It opened at 742.17, down 9.52 points (1.27%) from the previous trading day, and has since extended its losses.
On the KOSDAQ, institutions and foreign investors were selling shares worth 93.4 billion won and 5 billion won, respectively. Individual investors were buying shares worth 96.5 billion won.

[email protected] Im Sang-hyeok Reporter