KOSPI Ends Down Over 1% Due to Institutional and Foreign Selling

[Image source=Yonhap News]

[Asia Economy Reporter Eunmo Koo] The domestic stock market closed lower, failing to continue the recent upward trend due to the fallout from the sharp decline in the U.S. stock market the previous day.

On the 4th, the KOSPI closed at 2,368.25, down 27.65 points (1.15%) from the previous day. The KOSPI started lower due to the plunge in the U.S. stock market, falling more than 2% in the early session to the 2,340 level, but then gradually reduced the decline and closed around the 2,360 level.

Looking at trading trends by participant, institutions and foreign investors led the index decline with net sales of 781.7 billion KRW and 470.3 billion KRW, respectively. On the other hand, individual investors were net buyers with 1.2864 trillion KRW.

By sector, insurance (-2.70%), securities (-2.09%), and electric and gas utilities (-1.61%) declined, while machinery (0.25%) was the only sector to rise slightly.

Most of the large-cap stocks fell. LG Chem (-3.26%), NAVER (-3.10%), Samsung SDI (-2.98%), NCSoft (-2.63%), and Hyundai Motor (-2.27%) experienced relatively large declines.

The KOSDAQ index also closed lower, ending the recent five consecutive trading days of gains. The KOSDAQ index started lower, falling nearly 3% in the early session to the 840 level, but then recovered some losses and closed around the 860 level. The KOSDAQ closed at 866.04, down 8.09 points (0.93%) from the previous trading day.

Regarding trading trends by participant, similar to the KOSPI market, institutions and foreign investors were net sellers with 124.8 billion KRW and 94.0 billion KRW, respectively. Meanwhile, individual investors were net buyers with 228.5 billion KRW.

By sector, metals (4.08%), publishing and media replication (3.15%), and digital content (2.24%) rose, while semiconductors (-2.35%), non-metallic minerals (-2.12%), and chemicals (-2.09%) declined.

Among the large-cap stocks, Pearl Abyss (10.61%) and MedPacto (10.13%) surged with double-digit gains, while KMV (3.75%) and Hugel (3.35%) also rose. Conversely, Alteogen (-4.08%), Seegene (-3.19%), CJ ENM (-3.10%), and Genexine (-2.86%) declined.

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