KOSPI Falls Over 1% to '2920 Level'... KOSDAQ Also Drops to '980 Level'
[Asia Economy Reporter Ji-hwan Park] On the 10th, the KOSPI fell more than 1%, dropping to the 2920 level. The KOSDAQ also fell below the 1000 mark, dropping to the 980 level.
As of 1:41 PM on the same day, the KOSPI was at 2926.17, down 36.29 points (1.22%). The index started at 2947.46 and continued its downward trend, widening the decline.
By investor type, institutional investors showed a clear selling trend. At this time, institutions were net sellers of 241.3 billion KRW. Foreign investors also had a selling bias with 13.8 billion KRW. On the other hand, individual investors were net buyers of 235.9 billion KRW.
Most of the top market cap stocks were in decline. Samsung Electronics and SK Hynix fell by 0.43% and 0.92%, respectively. Secondary battery-related stocks also declined following Tesla's sharp drop the previous day. LG Chem fell around 4%, and Samsung SDI dropped less than 1%. NAVER and Kakao fell by 1.32% and 1.20%, respectively.
The KOSDAQ fell below the 1000 mark during trading for the first time in two days since the 8th. At the same time, the KOSDAQ was trading at 984.66, down 24.02 points (-2.38%) from the previous day.
By investor type, individual investors were defending the index. Individuals were net buyers of 469.7 billion KRW. Meanwhile, foreign and institutional investors were net sellers of 257.2 billion KRW and 153.2 billion KRW, respectively.
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Similar to the KOSPI, stocks related to Tesla's sharp decline showed notable decreases. EcoPro BM, the second-largest market cap company on the KOSDAQ that had risen for six consecutive trading days, was down 3.53%. L&F also fell 5.89%. On the other hand, Celltrion Healthcare (2.41%), Pearl Abyss (1.66%), and Celltrion Pharm (1.99%) rose.
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