KOSPI Extends Decline to 3210 Level Amid Foreign Selling...Secondary Battery Stocks Like Ecopro BM Plunge

[Image source=Yonhap News]

[Asia Economy Reporter Park Jihwan] On the 20th, the KOSPI index widened its decline in the afternoon, driven by foreign investors' selling pressure. EcoPro BM, a secondary battery stock that had shown strength over the past seven trading days, is experiencing a sharp drop of over 10%.

As of 1:40 PM, the KOSPI stood at 3,215.13, down 0.89% (28.91 points) from the previous trading day. The index opened at 3,223.24, down 20.80 points (0.64%) from the previous close, and the decline has been expanding.

By investor type, individual and institutional investors were net buyers of 121.4 billion KRW and 127.2 billion KRW, respectively. In contrast, foreign investors were net sellers of 241.5 billion KRW.

Among the top market capitalization stocks, all declined except for Celltrion (3.80%) and Kia (1.28%). Samsung Electronics (-0.63%), SK Hynix (-0.84%), NAVER (-1.69%), and Kakao (-2.60%) all fell.

At the same time, the KOSDAQ index was at 1,036.22, down 1.30% (13.61 points) from the previous trading day. The index started at 1,049.51, down 8.84 points (0.84%) from the previous close, and continued its downward trend.

By investor type, individuals and foreign investors were net buyers of 62.8 billion KRW and 14.2 billion KRW, respectively. Foreign investors were net sellers of 68.8 billion KRW.

Among the top market capitalization stocks, performance was mixed. Celltrion Healthcare (4.01%), Celltrion Pharm (0.66%), Pearl Abyss (2.70%), and Seegene (3.88%) were rising. Meanwhile, Kakao Games (-0.59%), CJ ENM (-0.63%), and Alteogen (-3.29%) declined. Notably, the weakness in secondary battery stocks was prominent. EcoPro BM (-10.18%) showed a sharp drop of over 10%.

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