Foreign investors sell for 7 straight trading days... KOSPI retreats after touching 5,100 [fn closing market]

[Financial News] KOSPI gave up its gains and closed at the 5,000 level amid selling by both individual and foreign investors.
On the 9th, KOSPI closed at 5,018.85, down 40.84 points (0.81%) from the previous trading day. The index opened lower, then turned higher as bargain hunters moved in, but reversed course and fell again late in the session.
Institutions were net buyers of 718.4 billion won, while individual investors and foreign investors were net sellers of 491.2 billion won and 688.6 billion won, respectively. Foreign investors in particular have continued their selling streak for seven straight trading days since the 30th of last month.
Samsung Electronics and SK hynix edged up 0.64% and 0.35%, respectively. Samsung Life Insurance (1.07%), SK Group (0.67%), and Samsung Fire & Marine Insurance (0.33%) also rose, while SK Square (-0.28%), LG Energy Solution (-5.78%), Samsung Biologics (-0.40%), Samsung Electro-Mechanics (-3.10%), and Hyundai Motor (-2.86%) were among the decliners.
By sector, paper and wood, medical and precision instruments, and insurance gained, while securities, transportation and warehousing, transportation equipment and parts, food and beverages and tobacco, metals, and chemicals fell.
Han Ji-young, an analyst at KIWOOM Securities Co., Ltd., forecast that “unless new headwinds emerge on the macroeconomic or AI front, a cascading plunge like last week’s is unlikely to recur,” adding, “The key is how much of last week’s losses can be recovered, and that will depend on the major macroeconomic and AI earnings events scheduled for this week.”
Meanwhile, KOSDAQ closed at 638.97, down 5.3 points (0.82%) from the previous session.

[email protected] Seo Min-ji Reporter