KOSPI Continues Decline in Afternoon, Stays Around 2340... KOSDAQ Down Over 2%

[Image source=Yonhap News]

[Asia Economy Reporter Eunmo Koo] The KOSPI continued its downward trend in the afternoon amid net selling by foreign and institutional investors, retreating to the 2340 level. The KOSDAQ index also fell more than 2%, recording the 840 level.

On the 22nd, the KOSPI opened at 2388.14, down 1.25 points (0.05%) from the previous trading day. The KOSPI, which started lower, steadily widened its losses during the session. In the afternoon, it maintained a decline close to 2%, retreating to the 2340 level. As of 1:05 PM, it was at 2345.47, down 43.92 points (1.84%) from the previous day.

Looking at trading trends by participant, institutional and foreign investors led the index decline with net sales of 310.7 billion KRW and 155.8 billion KRW, respectively. On the other hand, individual investors bought net 467.2 billion KRW.

Most of the top market capitalization stocks are also falling. Kia Motors, SK Hynix, Hyundai Motor, Kakao, NAVER, Hyundai Mobis, and Celltrion are showing relatively large declines. Meanwhile, LG Chem is rising.

The KOSDAQ index is also continuing its downward trend. The KOSDAQ index opened at 867.72, up 0.73 points (0.08%) from the previous trading day, but soon turned lower and then widened its losses by more than 2%, falling to the 840 level. As of 1:05 PM, it was at 847.40, down 19.59 points (2.26%) from the previous day.

By trading participant, institutional investors are net sellers of 80.9 billion KRW. In contrast, individual and foreign investors are net buyers of 69.6 billion KRW and 17.8 billion KRW, respectively.

Similar to the KOSPI, most of the top market cap stocks are falling. HL Biopharma and Kakao Games are down more than 5%, and Alteogen, Hugel, and Genexine are also declining. Meanwhile, Seegene is rising.

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