KOSPI Falls Below 3000... Intraday Drop of Over 3%
On the 29th, dealers are working 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@
View original image[Asia Economy Reporter Hwang Junho] The KOSPI fell more than 3% during the session.
As of 2:12 PM on the 29th, the KOSPI is at 2,976.44, down 92.61 points (3.01%) from the previous trading day. Individual investors net bought 1.1709 trillion KRW, while foreigners net sold 740.8 billion KRW and institutions net sold 388.6 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 all down about 2%. Among the top 10 market capitalization stocks, all are declining except SK Hynix, which is flat.
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The KOSDAQ is also down 36.32 points, standing at 924.91.
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