KOSPI closed lower due to significant selling by institutional investors, despite buying from individual investors.
On November 12, the KOSPI index fell by 32.63 points (0.61%) to close at 5,342.73, according to the Korea Exchange. The index started the day at 5,389.39, up 14.03 points (0.26%), but reversed its gains in the afternoon.
In the securities market, individual and foreign investors purchased a net 78.5 billion won and 150.7 billion won, respectively, while institutions sold a net 774.6 billion won. The large-scale selling by institutions led to the decline in the index.
Among the top market capitalization stocks, performances were mixed. Samsung Electronics rose by 1.70% and Samsung Biologics by 0.77%, while SK Hynix (-1.25%), SK Square (-1.50%), LG Energy Solution (-2.09%), and Hyundai Motor (-1.83%) saw declines. Notably, Samsung Electronics showed relative strength due to expectations surrounding supply chain diversification.
By market capitalization, large-cap stocks (-0.57%), mid-cap stocks (-1.03%), and small-cap stocks (-0.99%) all fell. In the securities market, there were 595 declining stocks, surpassing the 274 advancing stocks, which included three hitting the upper limit. There were 45 stocks that remained unchanged.
The KOSDAQ index also showed weakness, closing down 8.57 points (1.22%) at 703.22. It started the day at 668.48, up 0.87 points (0.13%), but widened its losses during the session, giving up the 700-point mark it had regained the previous day.
In the KOSDAQ market, individual and institutional investors bought a net 384.7 billion won and 37.9 billion won, respectively, while foreign investors sold a net 427.4 billion won.
Most of the top market capitalization stocks, except for Simtek (1.32%), declined. EcoPro (-2.72%), EcoPro BM (-2.39%), and Alteogen (-3.87%) also showed weakness.
Lee Kyung-min, a researcher at Daishin Securities, stated, "The KOSPI showed weakness as it absorbed uncertainties related to NVIDIA CEO Jensen Huang's scandal. Despite improved sentiment for AI semiconductor investments, a pause followed the recent short-term rebound. Notably, the clear net selling by institutions and financial investors contributed to the widening losses during the session."
On November 12, the KOSPI index fell by 32.63 points (0.61%) to close at 5,342.73, according to the Korea Exchange. The index started the day at 5,389.39, up 14.03 points (0.26%), but reversed its gains in the afternoon.
In the securities market, individual and foreign investors purchased a net 78.5 billion won and 150.7 billion won, respectively, while institutions sold a net 774.6 billion won. The large-scale selling by institutions led to the decline in the index.
Among the top market capitalization stocks, performances were mixed. Samsung Electronics rose by 1.70% and Samsung Biologics by 0.77%, while SK Hynix (-1.25%), SK Square (-1.50%), LG Energy Solution (-2.09%), and Hyundai Motor (-1.83%) saw declines. Notably, Samsung Electronics showed relative strength due to expectations surrounding supply chain diversification.
By market capitalization, large-cap stocks (-0.57%), mid-cap stocks (-1.03%), and small-cap stocks (-0.99%) all fell. In the securities market, there were 595 declining stocks, surpassing the 274 advancing stocks, which included three hitting the upper limit. There were 45 stocks that remained unchanged.
The KOSDAQ index also showed weakness, closing down 8.57 points (1.22%) at 703.22. It started the day at 668.48, up 0.87 points (0.13%), but widened its losses during the session, giving up the 700-point mark it had regained the previous day.
In the KOSDAQ market, individual and institutional investors bought a net 384.7 billion won and 37.9 billion won, respectively, while foreign investors sold a net 427.4 billion won.
Most of the top market capitalization stocks, except for Simtek (1.32%), declined. EcoPro (-2.72%), EcoPro BM (-2.39%), and Alteogen (-3.87%) also showed weakness.
Lee Kyung-min, a researcher at Daishin Securities, stated, "The KOSPI showed weakness as it absorbed uncertainties related to NVIDIA CEO Jensen Huang's scandal. Despite improved sentiment for AI semiconductor investments, a pause followed the recent short-term rebound. Notably, the clear net selling by institutions and financial investors contributed to the widening losses during the session."
* This article has been translated by AI.
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