The KOSPI and KOSDAQ exhibited diverging trends in early trading. The KOSPI fell over 1% due to significant foreign net selling, while the KOSDAQ surged more than 4% on the strength of battery and biotech stocks.
As of 9:15 a.m. on June 29, the KOSPI was trading at 8,252.01, down 159.20 points (1.89%) from the previous trading day. The index opened at 8,334.28, down 76.93 points (0.91%), and dropped to a low of 8,209.31 during the session.
Individual investors purchased 869.7 billion won worth of stocks, and institutions bought 486.5 billion won, while foreign investors sold off 1.3758 trillion won.
Most of the top market capitalization stocks were in the red. Samsung Electronics fell 3.90%, SK Hynix dropped 3.25%, SK Square declined 5.76%, Hyundai Motor decreased 1.25%, Samsung Life Insurance was down 5.32%, Samsung C&T fell 4.10%, and HD Hyundai Heavy Industries slipped 0.35%. Conversely, Samsung Electro-Mechanics rose 4.06%, LG Energy Solution increased 4.07%, and Samsung Biologics gained 1.64%.
At the same time, the KOSDAQ was trading at 888.36, up 36.99 points (4.34%) from the previous day. The index opened at 860.40, up 9.03 points (1.06%), and quickly expanded its gains, reaching a high of 890.78.
Individual investors sold 79.9 billion won worth of stocks, while foreign investors sold 7.7 billion won. Institutions, however, purchased 91.4 billion won.
Most of the top KOSDAQ stocks were performing well. Alteogen rose 5.97%, EcoPro increased 7.23%, EcoPro BM gained 5.91%, Rainbow Robotics was up 4.58%, Juseong Engineering surged 12.38%, Wonik IPS rose 3.17%, Kolon TissueGene increased 1.89%, HLB was up 3.98%, Rino Industry gained 1.66%, and Rigakem Bio surged 14.49%.
* This article has been translated by AI.
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