KOSPI Falls Below 2120 Level... KOSDAQ Drops Over 2% for Two Consecutive Days

Pre-Market Down 1.35%... Hits Yearly Low of 2119.01
KOSDAQ Also Declines Across the Board... Some Stocks Fall Nearly 4%

[Asia Economy Reporter Minwoo Lee] The KOSPI closed at its lowest level of the year, falling below the 2120 mark.

On the 31st, the KOSPI closed at 2119.01, down 1.35% (28.99 points) from the previous session. This is the lowest level this year. It dropped to the 2110 range for the first time since December 11 of last year. The market opened higher at 2160.60, up 12.60 points (0.59%) from the previous close, but sharply declined in the afternoon.

In the KOSPI market, foreigners were net sellers of 425.8 billion KRW. Individuals and institutions were net buyers of 277.4 billion KRW and 171.4 billion KRW, respectively.

Most sectors declined. Non-metallic minerals had the largest drop at 2.75%. This was followed by transportation equipment (2.46%), machinery (2.26%), pharmaceuticals (2.00%), and construction (1.98%). On the other hand, paper & wood (2.73%), insurance (0.31%), and transportation & warehousing (0.10%) sectors rose.

All of the top 10 market capitalization stocks also fell. Hyundai Mobis dropped the most at 3.16%, followed by Samsung Biologics (2.12%), Hyundai Motor (1.96%), Samsung C&T (1.81%), LG Chem (1.75%), Samsung Electronics (1.40%), and Celltrion (1.20%).

Meanwhile, the KOSDAQ fell more than 2% for the second consecutive day, closing at 642.48, down 2.12% (13.91 points) from the previous session.

In the KOSDAQ market, both individuals and foreigners were net sellers, with 13.2 billion KRW and 15.6 billion KRW sold, respectively. Institutions were net buyers of 39.3 billion KRW.

All sectors except the textile & apparel sector, which rose 3.42%, declined. General electric & electronics fell nearly 4% at 3.97%. This was followed by telecommunications equipment (3.89%), semiconductors (3.12%), IT hardware (2.98%), and non-metallic minerals (2.81%).

Among the top 10 market capitalization stocks, KMV's decline was notable, falling 5.62% from the previous session. This was followed by HLB (3.94%), Studio Dragon (2.83%), and CJ ENM (2.19%). On the other hand, Celltrion Healthcare (2.14%), Medytox (1.47%), Solbrain (1.14%), and Hugel (0.95%) rose.

This content was produced with the assistance of AI translation services.