The KOSPI is holding the 6,600 level with a slight decline. Foreign investors continue net selling, but individuals and institutions are defending with net buying.
As of 12:10 p.m. on the 29th, the KOSPI was trading at 6,649.98, up 8.96 points (0.13%) from the previous day.
The KOSPI opened at 6,619.00, down 22.02 points (0.33%) from the previous day. It fell to 6,596 points early in the session but climbed again, holding the 6,640 level.
Foreign selling continues, but inflows from individuals and institutions are keeping the index's decline limited.
In the main board, foreign investors are net selling more than 700 billion won. In contrast, individuals and institutions are net buying more than 420 billion won and more than 320 billion won, respectively, keeping the market flat. In KOSPI 200 futures, foreigners also net sold more than 560 billion won, while individuals (more than 280 billion won) and institutions (more than 300 billion won) continued net buying.
In the KOSDAQ market, foreigners are also net selling more than 77 billion won, and institutions more than 40 billion won. Individuals net bought more than 150 billion won.
It is seen that the domestic market was somewhat affected as concerns about OpenAI's profitability reignited the previous day, leading U.S. stocks lower, centered on tech.
Major U.S. indexes closed lower the previous day. As news spread that OpenAI's revenue improvement is sluggish, the market appeared to take a breather. Profit-taking emerged mainly in AI and semiconductor-related stocks, and the tech-focused market finished lower.
Among large-cap names on the main board, Samsung Electronics and SK hynix are showing slight declines, fluctuating around 200,000 won and 1.3 million won, respectively. Samsung SDI is strong on expectations of turning to profit in the second half of this year, and LS Electric is gaining as expectations of rising power demand from North American AI data centers are reflected.