On the 29th morning, the KOSPI and KOSDAQ indexes both turned lower. The KOSPI is fluctuating around the 5,100 level, and the KOSDAQ around 1,130.
As of 10:22 a.m. that day, the KOSPI was at 5,095.93, down 74.88 points (1.45%) from the previous trading day.
Opening at 5,243.42, up 72.61 points (1.40%) from the day before and breaking through the 5,200 level, the KOSPI turned lower on net selling by institutional investors, which is estimated to reflect flows from foreigners and individuals, during intraday trading.
In the main board, individuals are propping up the index by moving to buy 1.23 trillion won worth. Foreigners and institutional investors are net selling about 700 billion won and 510 billion won, respectively. A large portion of institutional supply, 370 billion won, is from financial investment that includes exchange-traded fund (ETF) money.
Samsung Electronics and SK hynix, which had surged early in the session, turned to declines of more than 2%. LG Energy Solution (-4.41%), HD Hyundai Heavy Industries (-1.54%), and Samsung Biologics (-1.34%) also are trading below the previous day's prices.
At the same time, the KOSDAQ was at 1,131.15, down 2.37 points (0.21%). The KOSDAQ opened at 1,153.43, up 19.91 points (1.76%) from the day before, and jumped more than 2% early in the session, but then gave up all gains and has been seesawing.
On the KOSDAQ market, foreigners and institutional investors are net buying about 130 billion won and 930 billion won, respectively. However, most of the institutional amount, 940 billion won, is financial investment that includes ETFs. Individuals alone moved to sell 960 billion won worth.
Among large-cap stocks, Kolon TissueGene is soaring more than 8%. EcoPro BM (4.15%) is also rallying, briefly reclaiming the top spot in market capitalization early in the session. However, EcoPro (-0.36%), which had jumped in tandem, turned weaker. Alteogen is also down more than 3%.