The Korean stock market reversed its morning gains as technology shares declined due to significant foreign selling. Foreign investors offloaded 1.26 trillion KRW (approximately $8.42 billion), leading the KOSPI index to retract earlier advances. Despite this, retail and institutional investors purchased 746.4 billion KRW and 524.8 billion KRW worth of stocks, respectively.
Key stocks such as Samsung Electronics and SK Hynix saw declines of 0.25% and 0.2%, respectively. In contrast, LG Energy Solution rose 0.94%, and Doosan Heavy Industries gained 3.29%. While biotech and financial stocks advanced, SK Square and Hanwha Aerospace fell 1.8% and 4.73%, respectively. Hyundai Heavy Industries and Samsung Electro-Mechanics also experienced declines.
Korean Stocks Reverse Gains as Tech Shares Decline on Foreign Selling
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
