KOSPI Falls Sharply to '3170 Level'... Individuals Remain Sole Net Buyers

[Image source=Yonhap News]

[Asia Economy Reporter Ji-hwan Park] On the 2nd, the KOSPI's decline widened in the afternoon as foreign and institutional investors increased their selling volume.

As of 1:29 PM, the KOSPI stood at 3,178.57, down 28.45 points (-0.89%) from the previous day. The index started at 3,198.03, 8.99 points (-0.28%) lower than the previous close, and continued its downward trend.

Currently, individual investors are net buyers with 863.6 billion KRW. In contrast, institutions and foreigners are net sellers with 425.5 billion KRW and 441.7 billion KRW, respectively.

Among the top market capitalization stocks, most are declining. Samsung Electronics (-1.17%), SK Hynix (-1.85%), NAVER (-0.22%), and Samsung Biologics (-1.04%) all fell. KakaoBank plunged 7.43% following news of a block deal (off-hours large volume trade) of shares by the Korea Post. Samsung SDI (-4.57%) and LG Chem (-1.25%) also showed downward trends.

At the same time, the KOSDAQ is trading at 1,046.36, up 0.38 points (0.04%). The index opened at 1,048.15, 2.17 points (0.21%) higher than the previous day.

Individual investors showed a net buying advantage of 184.2 billion KRW. Foreigners and institutions were net sellers with 125.1 billion KRW and 46.8 billion KRW, respectively.

Among the top market capitalization stocks, the price movements were mixed. HL Biotech's rise was the largest at 5.29%, and Kakao Games also rose 0.63%. On the other hand, Celltrion Healthcare (-1.40%), EcoPro BM (-3.03%), and Celltrion Pharm (-2.36%) declined.

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