As expectations for an end-of-war deal between the United States and Iran fade, the KOSPI is moving near 7,400 points. While foreign investors continue net selling, individuals and institutions are net buying together, staging a 7,400-point "high-ground battle."
As of 11:30 a.m. on the 8th, the KOSPI was down 1.28% from the previous trading day at 7,394.52. The index opened at 7,353.94, down 1.82% from the day before, and the decline has narrowed slightly.
In the main board, foreign investors are net selling about 4.5 trillion won, but individuals and institutions are defending with net purchases of about 4.3 trillion won and about 100 billion won, respectively.
A military clash between the United States and Iran near the Strait of Hormuz the day before appears to have affected the domestic stock market.
Han Ji-young, a Kiwoom Securities researcher, said, "Noise around U.S.-Iran end-of-war talks and weakness in the Philadelphia Semiconductor Index are adding profit-taking pressure, centered on domestic AI value chain stocks, so the domestic market is likely to pause for breath today."
Large-cap names such as Samsung Electronics, SK hynix, Doosan Enerbility, and HD Hyundai Heavy Industries are declining. In contrast, auto-related stocks such as Hyundai Motor, Kia, and Hyundai Mobis are rising.
The KOSDAQ, which opened higher, also turned lower. After starting trading up 0.29 points (0.02%) at 1,199.47 from the previous day, the KOSDAQ was at 1,198.93, down 0.25 points (0.02%), as of 11:30 a.m. today.
In the KOSDAQ market, foreign investors are net buying about 480 billion won, and institutions are also net buying about 90 billion won. Individuals are net selling about 550 billion won.