KOSPI Falls Below 3000... Declines After 17 Trading Days

On the 24th, when the KOSPI index showed a flat trend in the early session, the KOSPI was displayed on the electronic board in the dealing room of Hana Bank in Euljiro, Seoul. Photo by Moon Honam munonam@

[Asia Economy Reporter Hwang Junho] On the 24th, the KOSPI fell below the 3000 mark. Individual investors' net buying could not overcome the net selling pressure from foreigners and institutions.

As of 3:17 PM on the 24th, the KOSPI is trading at 2995.91, down from the 3000 level. Although it briefly fell below 3000 during trading on February 1, this is the first time since the 29th of last month that it has closed below 3000.

On this day, individuals continued their net buying with 580.1 billion KRW. However, foreigners recorded net selling of 407.6 billion KRW and institutions 179.9 billion KRW, dampening the upward momentum.

By sector, non-metallic minerals showed a decline of over 5%. Following that, machinery, textiles and apparel, transportation equipment, and chemicals also fell by over 4%. Service industries, food and beverage, and insurance sectors declined by over 3%.

Among the top market capitalization stocks, Samsung Electronics recorded a 0.12% drop to 81,900 KRW. SK Hynix also showed a decline of 1.81%.

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