KOSPI Fails Again to Regain 3000 Level... Closes at 2990 for Second Consecutive Day

[Image source=Yonhap News]

[Asia Economy Reporter Park Jihwan] On the 16th, the KOSPI closed slightly lower due to simultaneous selling by individual and institutional investors, failing to reclaim the 3000-point level for the second consecutive day. Although it surpassed 3000 points during the session as it did the previous day, it could not maintain this level until the close.

On this day, the KOSPI closed at 2997.21, down 2.31 points (0.08%) from the previous trading day. It exceeded the 3010-point mark during the session, but the gains narrowed, and the closing price again failed to hold above 3000 points as on the previous day.

By investor type, foreign investors were net buyers with 240.1 billion KRW. In contrast, individual and institutional investors were net sellers with 142.9 billion KRW and 109.6 billion KRW, respectively.

Among the top market capitalization stocks, there were mixed movements. Samsung Electronics (-0.14%), NAVER (-1.34%), Kakao (-1.16%), and Hyundai Motor (-1.20%) declined. SK Hynix (0.90%), Samsung Biologics (0.93%), LG Chem (1.57%), and Samsung SDI (0.80%) rose.

The KOSDAQ closed at 1035.46, up 6.43 points (0.62%) from the previous trading day.

On the KOSDAQ, foreign investors led the index with net purchases of 75 billion KRW. Meanwhile, individual and institutional investors were net sellers of 30.8 billion KRW and 24.2 billion KRW, respectively.

Among the top market capitalization stocks on the KOSDAQ, Celltrion Healthcare (-2.27%), Celltrion Pharm (-1.31%), EcoPro BM (-0.71%), and L&F (-0.26%) declined.

Notably, gaming stocks showed remarkable strength. Reflecting the entry into non-fungible token (NFT) games and expectations for Chinese license approvals, leading industry stocks such as Pearl Abyss (12.15%), Kakao Games (11.83%), and WeMade (8.40%) demonstrated strong gains.

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