KOSPI Falls Below 1460 Intraday... Sell-Side Car Triggered (Comprehensive)

On the morning of the 23rd, when the KOSPI fell sharply, employees were conducting trading operations in the Hana Bank dealing room in Euljiro, Jung-gu, Seoul. (Photo by Yonhap News)

[Asia Economy Reporter Kum Boryeong] On the 23rd, the KOSPI opened at the 1470 level, but trading was temporarily halted at one point. During the session, the index even fell below the 1460 level.

As of 9:17 AM that day, the KOSPI stood at 1461.34, down 104.81 points (6.69%) from the previous close.

The KOSPI opened at 1474.45, down 91.70 points (5.86%) from the previous trading day, and continued its downward trend. During the session, it dropped to 1458.41, breaking below the 1460 level.

In the securities market, a sidecar was triggered, temporarily suspending program sell orders. This was due to fluctuations in the KOSPI 200 futures price; at the time of activation, the KOSPI 200 was at 200.00, down 7.21% from the previous closing price of 215.55. As a result, program sell orders in the securities market were suspended for five minutes.

In the securities market, individual investors net bought 139.9 billion KRW. Conversely, foreign investors and institutions net sold 60.7 billion KRW and 78.8 billion KRW, respectively.

By sector, food and beverages (7.73%), textiles and apparel (8.5%), and chemicals (6.94%) were among those declining.

All of the top 10 companies by market capitalization were in decline. Samsung Electronics (5.73%), SK Hynix (8.56%), NAVER (8.77%), LG Chem (6.79%), and Hyundai Motor (6.19%) all fell.

At the same time, the KOSDAQ index was at 437.05, down 30.70 points (6.56%) from the previous close.

The KOSDAQ opened at 443.51, down 24.24 points (5.18%) from the previous close, and the decline widened.

In the KOSDAQ market, individual and foreign investors net bought 24.9 billion KRW and 8.5 billion KRW, respectively. Institutions net sold 35.2 billion KRW.

By sector, semiconductors (9.26%), chemicals (7.32%), metals (8.26%), and paper and wood products (6.39%) declined.

Among the top market cap stocks, Seegene (3.24%) was the only one to rise. Celltrion Healthcare (2.56%), HL Biopharma (4.12%), and Hugel (9.39%) declined.

On the same day in the KOSDAQ market, a sell sidecar was triggered at 9:17:34 AM. This was due to a sharp drop of 6.19% in the KOSDAQ 150 futures price and 6.69% in the spot index (KOSDAQ 150).

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