KOSPI Falls Below 3000 During Session... Selling Pressure from Individuals and Institutions

On the 16th, when the KOSPI index started lower due to selling by individuals and foreigners, dealers were working in the Hana Bank dealing room in Euljiro, Seoul. The KOSPI opened at 2,995.68, down 3.84 points (0.13%) from the previous trading day. Photo by Moon Honam munonam@

[Asia Economy Reporter Park Jihwan] On the 16th, the KOSPI index fell below the '3000 mark' in the afternoon due to an expanded sell-off by individual investors.

As of 1:44 PM, the KOSPI was trading at 2995.96, down 0.12% (3.56 points) from the previous trading day. The index started the session with a slight decline, but individual investors increased their buying, and foreign investors turned to buying, leading to a successful rebound. However, in the afternoon, individual investors switched to selling, resulting in a reversal to a decline.

Looking at trading trends by investor type, foreign investors have been the sole buyers for four consecutive trading days on the KOSPI, net purchasing 102.1 billion KRW. Individual investors, who had maintained net buying earlier, switched to net selling of 89.7 billion KRW. Institutions are net selling 22.3 billion KRW.

Among the top market capitalization stocks, movements were mixed. Samsung Electronics rose 0.14%, and SK Hynix increased by 1.35%. Samsung Biologics (0.93%), LG Chem (1.44%), and Samsung SDI (0.27%) also saw gains. Conversely, NAVER and Kakao fell by 1.34% and 1.16%, respectively.

At the same time, the KOSDAQ was trading at 1033.16, up 4.13 points (0.40%) from the previous day.

By investor type, individuals led the index with net purchases of 58.4 billion KRW. Foreign investors and institutions were net sellers of 15.6 billion KRW and 25.7 billion KRW, respectively.

Among the top market capitalization stocks, most showed upward trends. Only Celltrion Healthcare and Celltrion Pharm fell by 1.62% and 0.36%, respectively. EcoPro BM (0.44%), Pearl Abyss (11.09%), L&F (1.51%), Kakao Games (10.49%), and Wemade (8.04%) rose.

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