Silent Korean Stock Market... KOSPI and KOSDAQ Both Decline

KOSDAQ Falls Nearly 4%... Drops to 770s for the First Time Since July

Provided by Korea Exchange

[Asia Economy Reporter Minwoo Lee] On the 26th, both the KOSPI and KOSDAQ, which started with slight gains, closed lower. In particular, the KOSDAQ plunged nearly 4%.

On that day, the KOSPI closed at 2,343.91, down 0.72% (16.90 points) from the previous session. It opened at 2,366.50, up 0.24% from the previous close, but soon reversed into a downward trend.

Foreigners and individual investors showed strong selling pressure, with net sales of 118.8 billion KRW and 110.7 billion KRW respectively. Meanwhile, institutions were net buyers with 244.7 billion KRW.

Most sectors declined. The textile and apparel sector saw the largest drop at -3.35%. Other sectors that fell more than 2% included securities (-2.93%), machinery (-2.82%), paper and wood (-2.74%), electricity and gas (-2.63%), food and beverages (-2.47%), non-metallic minerals (-2.30%), and banking (-2.28%). On the other hand, distribution (2.82%), transportation equipment (2.33%), medical precision instruments (0.72%), and insurance (0.70%) rose.

The top 10 market capitalization stocks also struggled. Kakao had the largest decline at -3.0%, followed by NAVER (-1.7%), Samsung SDI (-1.6%), LG Household & Health Care (-1.5%), and Samsung Biologics (-0.9%). Meanwhile, Hyundai Motor and Samsung Electronics rose 2.6% and 0.3% respectively. Celltrion remained flat.

The KOSDAQ closed at 778.02, down 3.71% (29.96 points) from the previous session. It opened slightly higher at 808.06, up 0.01% from the previous close, but then sharply declined. The KOSDAQ falling to the 770 level is the first time since July 20.

Unlike the KOSPI, institutional selling was prominent on the KOSDAQ, with net sales of 164.5 billion KRW. Foreigners and individuals were net buyers with 33.5 billion KRW and 145 billion KRW respectively.

All sectors declined. The technology growth companies sector had the largest drop at -5.60%, followed by pharmaceuticals (-4.94%), paper and wood (-4.57%), other services (-4.53%), general electric and electronics (-4.44%), and semiconductors (-4.29%), with many sectors falling more than 4%.

Among the top 10 market capitalization stocks, only Celltrion Pharm rose 1.3%. All other stocks declined. Genexine had the largest drop at -9.5%, followed by Alteogen (-7.5%), Seegene (-7.4%), CJ ENM (-4.8%), and KMW (-3.5%).

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