After KOSPI Surpasses 3000, Dips Back to Around 2970 During Trading... Gains Reversed

[Asia Economy Reporter Oh Ju-yeon] On the 6th, the KOSPI retraced to the 2970 level after surpassing the 3000 mark intraday and giving back its gains.

As of 10:06 AM that day, the KOSPI stood at 2981.53, down 0.31% from the previous trading day. It rose intraday to 3027.16, marking the first time in the history of the domestic stock market that the KOSPI exceeded 3000 points, but then partially gave back gains, falling to as low as 2974.37. This decline is interpreted as profit-taking selling pressure emerging.

Foreigners' selling was prominent. At this time, foreigners net sold 419.8 billion KRW worth of shares in the KOSPI market, and institutions sold 187.9 billion KRW worth. Despite the dual selling by foreigners and institutions, individuals bought 590.5 billion KRW worth, supporting the downside of the index.

Among the top market capitalization stocks, Samsung Electronics traded down 0.36% at 83,600 KRW, and Samsung Biologics fell 1.08% to 823,000 KRW.

SK Hynix (1.53%), LG Chem (0.22%), NAVER (0.85%), and Kakao (3.69%) rose.

The KOSDAQ index also turned downward. After opening, the KOSDAQ rose intraday to 990.88, approaching the 1000-point mark, but then the gains slowed, and it fell to 981.82.

Foreigners and institutions net sold 109.3 billion KRW and 102.4 billion KRW respectively, while individuals bought 227.9 billion KRW worth.

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