KOSPI Slightly Declines to Around 3200 Amid Continued Mild Weakness

Foreigners and institutions continue selling... KOSPI falls nearly 1%

On the 27th, when the KOSPI index showed mixed trends in the early session, dealers were working in the Hana Bank dealing room in Euljiro, Seoul. Photo by Moon Honam munonam@

[Asia Economy Reporter Minwoo Lee] The KOSPI, which had been hovering slightly lower since the market opened, fell into the 3200 range.

As of 1:53 PM on the 27th, the KOSPI recorded 3206.94, down 0.33% from the previous day. It opened at 3218.30, up 0.02% from the previous day, but the downward trend has continued. In the afternoon, it dropped into the 3200 range.

Continued selling by foreigners and institutions appears to have pulled the index down. They sold a net amount of 316.5 billion KRW and 123.6 billion KRW, respectively. On the other hand, individuals bought a net amount of 531.7 billion KRW.

Many sectors declined. Pharmaceuticals (-1.99%), non-metallic minerals (-1.89%), transportation equipment (-1.43%), and distribution (-0.62%) showed the largest drops. Steel & metals (4.76%) and electric & gas utilities (1.37%) rose.

The KOSDAQ showed a similar trend. At the same time, it stood at 1021.04, down 0.88% from the previous day. It opened at 1030.29, up 0.02% from the previous day, but switched to a downward trend shortly after opening, falling near the 1020 level.

Again, foreigners and institutions continued to sell. They sold a net amount of 131.2 billion KRW and 34 billion KRW, respectively. Individuals bought a net amount of 176.7 billion KRW.

Most sectors were in decline. Distribution (-2.00%), telecommunications equipment (-1.70%), pharmaceuticals (-1.53%), and transportation equipment & parts (-1.49%) were among the sectors that fell. Transportation (3.06%) and food & tobacco (1.34%) rose.

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