KOSPI Closes Down at 2201.07 Due to Foreign and Institutional Selling... KOSDAQ Slightly Rises

[Asia Economy Reporter Oh Ju-yeon] Due to concerns over a global economic slowdown caused by the novel coronavirus infection (Wuhan pneumonia), the KOSPI, which had fallen to the 2180 level during the morning session, recovered some of its losses in the afternoon and closed slightly down above the 2200 level.

On the 10th, the KOSPI closed at 2201.07, down 0.49% from the previous trading day. While individual investors bought stocks worth 435.3 billion KRW, foreigners and institutions sold stocks worth 303.4 billion KRW and 165.5 billion KRW respectively, pulling the index down.

Seo Sang-young, a researcher at Kiwoom Securities, analyzed, "After some foreign media reported that the number of new confirmed cases of the novel coronavirus has plateaued at around 3,000, indicating a halt in the increase, the domestic stock market narrowed its losses."

Among the top market capitalization stocks, Samsung Electronics (-1.16%), SK Hynix (-0.50%), NAVER (-0.81%), and Hyundai Motor (-0.76%) closed down, while Samsung Biologics (2.12%), LG Chem (0.13%), Celltrion (0.87%), and Samsung SDI (1.42%) closed up.

The KOSDAQ index closed at 676.07, up 0.51% from the previous trading day. Individual investors bought stocks worth 102.5 billion KRW, while foreigners and institutions sold stocks worth 69.8 billion KRW and 25.7 billion KRW respectively.

Among the top market capitalization stocks, Celltrion Healthcare (3.92%), HL Biopharma (3.31%), and CJ ENM (2.35%) closed up, while Pearl Abyss (-0.37%) and SK Materials (-2.54%) closed down.

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