KOSPI Starts Down Over 2%... Quickly Falls Below 2000 Level

[Asia Economy Reporter Minji Lee] The KOSPI opened down over 2% due to selling pressure from foreigners and institutions.

At 9:16 a.m. on the 9th, the KOSPI was trading at 1984.04, down 2.75% (56.18 points) from the previous session. The KOSPI started the day at 1981.02, down 2.90% (59.20 points) from the previous close. In the securities market, individual investors bought stocks worth 205.2 billion KRW, while foreigners and institutions sold stocks worth 130 billion KRW and 80.2 billion KRW, respectively.

By industry, only the electric and gas sector rose by 2.29%. Following that, pharmaceuticals (-0.22%), paper and wood (-1.33%), and transportation and warehousing (-1.58%) showed smaller declines.

Among the top market capitalization stocks, only Samsung Biologics was trading up 1.63% at 499,000 KRW. The leading stock, Samsung Electronics, was trading down 2.65% at 55,000 KRW. SK Hynix (-3.56%), Naver (-3.90%), LG Chem (-4.25%), Hyundai Motor (-3.17%), and Celltrion (-1.13%) also declined.

At the same time, the KOSDAQ index was trading at 632.27, down 1.63% (10.45 points) from the previous session. The KOSDAQ started the day at 631.13, down 1.80% (11.59 points) from the previous close. In the KOSDAQ market, individuals and foreigners were net buyers of 12.2 billion KRW and 4.2 billion KRW, respectively. Institutions sold stocks worth 14.6 billion KRW.

By industry, textiles and apparel (1.32%) and pharmaceuticals (0.12%) showed the largest gains.

Among the top market capitalization stocks, only Celltrion Healthcare was trading up 1.33% at 68,500 KRW. HL Biopharma (-3.03%), CJ ENM (-2.32%), Pearl Abyss (-3.32%), and Studio Dragon (-2.46%) were on the decline.

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