The KOSPI index fell for two consecutive days, finishing at the 3050 level. This was influenced by foreign investors, who are considered 'big players,' offloading a large amount of stock to realize profits. With the stock market declining, the transaction value in the securities market also dropped to around 13 trillion won that day. It is interpreted that investors became more cautious as the index's upward trend was halted.
On the 27th, the KOSPI index closed at 3055.94, down 23.62 points (0.77%) from the previous trading day. The KOSPI index started off down 0.09% but quickly rebounded to show slight gains, only to reverse again and fall before 10 a.m. The drop deepened during the trading session.
Foreigners sold more than 850 billion won net in the securities market. Individuals and institutions each bought 484.9 billion won and 320.1 billion won, respectively, but the selling pressure from foreigners was strong. Over the past three trading days, foreign investors net sold 1.5 trillion won.
As the index fell, the transaction value also declined. The transaction value in the securities market that day did not reach 14 trillion won, nearly a 30% drop compared to the day after the KOSPI index surpassed 3100 on the 25th (19.6 trillion won).
The top 10 stocks by market capitalization in the securities market showed mixed trends. Samsung Electronics increased by 1.33%, while SK hynix decreased by 2.22%. Doosan Enerbility (2.01%), Hanwha Aerospace (2.96%), and KB Financial (1.64%) rose, but LG Energy Solution (-2.53%), Hyundai Motor (-2.15%), and Naver (-2.49%) fell.
By sector, defense, financial holdings, nuclear power, holding companies, shipbuilding, and transportation sectors showed strength. In contrast, the internet, automotive, fintech, secondary battery, and chemical sectors showed weakness.
Lee Jae-won, a researcher at Shinhan Investment Corporation, noted, "The defense sector, which was strong in the European market, resumed its rise," adding, "Both the KOSPI margin financing balance (12.3 trillion won) and customer deposits (66.7 trillion won) are continuing to rise, and an influx of retail investors is expected."
Lee Kyung-min, head of investment strategy at DAISHIN SECURITIES, said, "The KOSPI index has continued a profit-taking phase after a recent surge," and added, "After the sell-off is digested and concerns about overheating are alleviated, it is expected to rise again in line with global financial market trends."
The KOSDAQ index recorded a drop of 6.39 points (0.81%) to 781.56 from the previous day. In the KOSDAQ market, individuals and institutions net bought 186.9 billion won and 47.8 billion won, respectively, while foreigners net sold 225.1 billion won. The transaction value in KOSDAQ also recorded 5.6 trillion won, returning to the time when the index stayed in the low 700s.
The top 10 stocks by market capitalization in KOSDAQ generally fell. LigaChem Biosciences was the only one rising by 5.6%, while Ecopro and ECOPRO BM each fell by 5.07% and 5.11%. Additionally, PharmaResearch (-2.8%), HUGEL (-2.25%), Alteogen (-1.17%), and Peptron (-0.97%) also exhibited weakness.
Meanwhile, the won exchange rate against the U.S. dollar is trading at 1357 won, up 4.1 won from the previous day based on market closing time.