On the 16th, the KOSPI fell intraday, unable to withstand the burden of a sharp rise in oil prices and a stronger dollar. In particular, selling by foreign and institutional investors is dragging down shares.
As of 11:44 a.m. that day, the KOSPI was trading at 5,455.24, down 32.00 points (0.58%) from the previous day. After opening higher, the KOSPI climbed to 5,561.42 early in the session before turning lower.
In the main board, foreigners and institutions were net sellers of 693.7 billion won and 380.4 billion won, respectively, while only individuals were net buyers, purchasing 1.0548 trillion won.
Among top stocks by market capitalization, Hyundai Motor fell more than 3%. Samsung Biologics and HD Hyundai Heavy Industries were down in the 2% range, and Kia (-1.40%), Hanwha Aerospace (-1.34%), LG Energy Solution (-1.22%), and Doosan Enerbility (-1.03%) were also lower. In contrast, SK hynix (2.03%), Samsung Electronics (0.38%), and SK Square (0.37%) were higher.
At the same time, the KOSDAQ was at 1,126.06, down 26.90 points (2.33%) from the previous day. The KOSDAQ also rose early in the session, but turned lower and is widening its losses. On the KOSDAQ, foreigners and institutions sold 468.5 billion won and 71.3 billion won worth of shares, respectively. Only individuals were net buyers, purchasing 579.1 billion won.
Among top KOSDAQ stocks by market cap, all were falling except Peptron (6.38%). Sam Chun Dang Pharm and Rainbow Robotics were down in the 5% range, and EcoPro and EcoPro BM were down in the 4% range. LEENO Industrial (-3.61%), Kolon TissueGene (-3.20%), Alteogen (-2.90%), LigaChem Biosciences (-2.64%), and ABL Bio (-2.45%) were also lower.
In the Seoul foreign exchange market, the won-dollar exchange rate was trading at 1,498.7 won per $1 at the same time, up 1.2 won from the previous session.