KOSDAQ Breaks Below 1000 During Session Amid Foreign and Institutional Selling Pressure
On the 1st, the KOSPI index opened lower due to the sluggish U.S. stock market. Dealers are working in the dealing room of Hana Bank in Euljiro, Seoul. The won-dollar exchange rate opened at 1,185.0 won, up 1.0 won from the previous session, showing a stable trend. Photo by Moon Honam munonam@
View original image[Asia Economy Reporter Park Jihwan] On the 29th, the KOSDAQ index fell below the 1000 mark during the session due to simultaneous selling by foreigners and institutions.
As of 9:56 AM, the KOSDAQ was trading at 992.48, down 10.79 points (-1.08%) from the previous trading day. The index dropped below 1000 at the start of the session but quickly recovered some losses and rose back above 1000.
By investor type, foreigners and institutions sold a net amount of 65.3 billion KRW and 19.6 billion KRW respectively, pulling the index down. In contrast, individual investors bought a net amount of 91.1 billion KRW.
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Among the top market capitalization stocks, the gaming sector showed notable gains. Celltrion Healthcare (-3.20%), EcoPro BM (-1.24%), and Celltrion Pharm (-3.21%) were in decline. Meanwhile, Kakao Games (0.15%), L&F (1.34%), and Pearl Abyss (5.97%) rose.
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