KOSPI Falls Below 3000 Intraday... Drops Over 2%

On the 29th, the KOSPI index is displayed on the electronic board in the dealing room of Hana Bank in Euljiro, Seoul. On this day, the KOSPI started at 3,078.73, up 9.68 points (0.32%) from the previous trading day, showing an upward trend. Photo by Moon Honam munonam@

[Asia Economy Reporter Junho Hwang] The KOSPI has fallen below 3000. As of 1:31 PM on the 29th, the KOSPI is at 2998.58, down 70.47 points (2.30%) from the previous trading day.

On this day, individuals net bought 1.0154 trillion KRW. Foreigners net sold 571.3 billion KRW, and institutions net sold 421.1 billion KRW.

Most sectors are also showing a downward trend. The machinery and construction sectors are down about 4%, and transportation equipment is down about 3%. Pharmaceuticals, transportation and warehousing, non-metallic minerals, minerals, textiles and apparel, insurance, medical precision instruments, and food and beverage sectors are also down about 2%.

Among the top 10 companies by market capitalization, all are declining except SK Hynix, which is stable.

At the same time, the KOSDAQ is also down 27.82 points (2.89%) to 933.41. Individuals net bought 209.8 billion KRW, but foreigners net sold 62.3 billion KRW and institutions net sold 115.7 billion KRW.

Among the top 10 companies by market capitalization, only HL Biopharma and Seegene are showing an upward trend.

The USD-KRW exchange rate is down 0.08% from the previous day, at 1,118.70 KRW.

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