KOSPI Starts Lower at '1940 Level' Amid Net Selling by Individuals and Foreigners

[Image source=Yonhap News]

[Asia Economy Reporter Park Jihwan] The KOSPI opened slightly lower due to selling pressure from individuals and foreigners. This is interpreted as a result of increased volatility following the worsening concerns over the COVID-19 pandemic and the sharp decline in international oil prices, which caused the New York stock market to fall significantly.

As of 9:22 AM on the 10th, the KOSPI is trading at 1949.97, down 0.34% (6.74 points) from the previous session. In the securities market, individuals and foreigners sold stocks worth 183.3 billion KRW and 123 billion KRW, respectively. Meanwhile, institutions made a net purchase of 295.1 billion KRW.

By sector, almost all sectors are in decline. Food and beverages (-1.12%), textiles and apparel (-1.76%), paper and wood (-1.91%), chemicals (-0.15%), and distribution (-0.58%) are all down.

Among the top market capitalization stocks, the leading stock Samsung Electronics remained flat compared to the previous day. Samsung Biologics (-1.32%) and Hyundai Motor (-0.96%) declined. On the other hand, SK Hynix (0.92%) and LG Chem (0.94%) showed slight gains.

At the same time, the KOSDAQ index traded at 610.79, down 0.61% (3.77 points) from the previous session. In the KOSDAQ market, individuals made a net sale of 131.8 billion KRW. Conversely, foreigners and institutions made net purchases of 90.7 billion KRW and 47.9 billion KRW, respectively.

By sector, construction (-1.14%), distribution (-1.20%), transportation (-2.04%), and finance (-0.82%) experienced significant declines.

Among the top market capitalization stocks, Celltrion Healthcare (-1.80%) and HL Biopharma (-0.36%) declined, while CJ ENM (0.86%) and Pearl Abyss (1.48%) rose.

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