KOSPI Falls Below 2300... KOSDAQ Drops Over 3%

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[Asia Economy Reporter Kum Boryeong] On the 20th, despite net buying by individuals, the KOSPI and KOSDAQ indices fell further due to net selling by foreigners and institutions. The KOSPI dropped into the 2% range, breaking below the 2300 level, while the KOSDAQ fell over 3%, breaking below the 790 level.

As of 10:50 a.m. that day, the KOSPI index recorded 2299.48, down 2.59% (61.06 points) from the previous close, falling below the 2300 mark.

The KOSPI opened at 2339.91, down 0.87% (20.63 points) from the previous trading day, and initially seemed to reduce its losses due to net buying by individuals and foreigners right after the opening. However, as foreigners turned to net selling, a strong downward trend was observed.

In the KOSPI market, individuals net bought 392.3 billion KRW, while foreigners and institutions net sold 128.4 billion KRW and 270.4 billion KRW, respectively.

By sector, machinery (-2.79%), transportation equipment (-3.29%), and telecommunications (-1.38%) showed weakness, while pharmaceuticals (0.41%) were the only sector to show strength.

Among the top 10 companies by market capitalization, Celltrion (1.32%) was the only one to rise. Samsung Electronics (-1.9%), Samsung Biologics (-0.99%), SK Hynix (-4.27%), and NAVER (-0.63%) were all in decline.

The KOSDAQ showed a larger drop than the KOSPI. At the same time, the KOSDAQ fell 3.52% (28.82 points) from the previous trading day to 789.92, breaking below the 790 level.

The KOSDAQ opened at 816.63, down 0.26% (2.11 points) from the previous close, and briefly rebounded with an upward trend, but continued a strong decline due to net selling by foreigners.

In the KOSDAQ market, individuals net bought 227.1 billion KRW, while foreigners and institutions net sold 163.5 billion KRW and 60.6 billion KRW, respectively.

By sector, internet (-4.01%), non-metal (-4.73%), and broadcasting services (-4.59%) declined.

Among the top market cap companies, Celltrion Healthcare (0.8%) and Celltrion Pharm (2.37%) rose together, while Seegene (-6.89%), Alteogen (-2.29%), and HLB (-2.98%) fell.

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