KOSPI Starts at 2053.09, Down 1.5% Due to Foreign Selling Pressure

KOSDAQ Falls Over 1%... Back to the 640 Level

On the 3rd, KOSPI opened at 2051.85, up 49.34 points (2.46%) from the previous trading day, as employees were working in the Hana Bank dealing room in Jung-gu, Seoul. The won-dollar exchange rate started at 1205.0 won, down 8.7 won from the previous trading day. Photo by Kim Hyun-min kimhyun81@

[Asia Economy Reporter Minwoo Lee] The KOSPI opened at the 2050 level, down 1.54%, as foreign investors sold heavily in the early session. The KOSDAQ also fell more than 1%, dropping to the 640 level.

On the 6th, the KOSPI opened at 2053.09, down 1.54% (32.17 points) from the previous day. As of 9:19 a.m., it was at 2057.90, down 1.31% (27.36 points) compared to the previous day.

Looking at trading trends by participant, foreign investors sold a net 87.1 billion KRW in the securities market. Individuals and institutions bought a net 67 billion KRW and 16.8 billion KRW, respectively.

Most sectors are in decline. The transportation and warehousing sector fell the most, down 2.18%. This was followed by electric and gas utilities (1.94%), insurance (1.83%), steel and metals (1.742%), and transportation equipment (1.66%). Meanwhile, the paper and wood sector was the only one to rise, up 0.18%.

All of the top 10 market capitalization stocks showed a downward trend, with Hyundai Motor experiencing the largest drop of 1.75%. This was followed by Samsung Electronics (1.28%), Samsung C&T (1.35%), and SK Hynix (0.95%).

The KOSDAQ also opened at 642.33, down 1.21% (7.86 points) from the previous day. As of 9:19 a.m., it was at 645.63, down 0.70% (4.56 points) compared to the previous day.

In the KOSDAQ market, individuals and foreign investors bought a net 13.7 billion KRW and 6.6 billion KRW, respectively. On the other hand, institutions sold a net 16.8 billion KRW.

Most sectors are falling. The entertainment and culture sector saw the largest decline at 1.97%, followed by transportation equipment and parts (1.55%), broadcasting services (1.38%), and IT parts (1.22%). However, the textile and apparel sector rose 1.64%. Pharmaceuticals (0.66%) and computer services (0.64%) also showed gains.

Most of the top 10 market capitalization stocks are declining. HL Biopharma had the largest drop at 1.69%, followed by CJ ENM (1.47%), Wonik IPS (1.47%), and EcoPro BM (1.41%). Hugel was the only stock to rise, up 0.05%.

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