KOSPI Falls Over 1%... Struggles of Individual Investors' Net Buying

Dealers are working at the Hana Bank dealing room in Jung-gu, Seoul, on the 4th, following the Financial Services Commission's announcement to resume short selling only for KOSPI 200 and KOSDAQ 150 index components starting May 3. Photo by Jinhyung Kang aymsdream@

[Asia Economy Reporter Hwang Junho] On the 4th, the KOSPI retreated from the 3100 level, showing a decline of over 1%. Individual investors are unable to withstand the simultaneous selling pressure from foreigners and institutions.

As of 1:33 PM, the KOSPI stood at 3071, down 58.65 points from the previous closing price, a decrease of 1.87%. The KOSPI opened at 3135.02, up 5.34 points (0.17%) from the previous day. Although it started with a slight rise, it is unable to resist the selling pressure from foreigners and institutions.

On this day, foreigners and institutions net sold 547.1 billion KRW and 1.6086 trillion KRW, respectively. Individuals net bought 2.1446 trillion KRW.

By sector, only telecommunications (1.34%), paper and wood (1.34%), electricity and gas (0.66%), and transportation equipment (0.47%) are showing gains.

The top 10 stocks by market capitalization are all declining. Early in the session, expectations for Apple Car orders boosted Hyundai Motor (-0.2%) and Kia Motors (-0.51%), but both are now slightly down. Samsung Electronics is down 2.72%.

The KOSDAQ also started higher but is currently declining. It opened at 970.93, up 0.24 points (0.02%) from the previous day, but now points to 958.87, down 11.82 points (1.22%).

Among sectors, only information devices (1.07%) are rising. New growth companies, publishing media, and paper and wood sectors are showing declines in the 2% range. Among the top market cap companies, only Pearl Abyss recorded a 2.24% rise to 342,500 KRW.

On this day, the won-dollar exchange rate rose 0.37% from the previous day to 1119.00 KRW.

Seo Sangyoung, a researcher at Kaum Securities, analyzed, "With no clear upward momentum in the Chinese stock market and the Shanghai Composite Index declining, it is estimated that this impact is also affecting the Korean stock market."

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