KOSPI Drops Over 1% Intraday... Individuals Solely Net Buyers

[Asia Economy Reporter Minji Lee] The KOSPI is showing a decline of over 1% during the trading session.

At 1:52 PM on the 17th, the KOSPI stood at 2,966.99, down 1% (30.22 points) compared to the previous trading day. The index opened at 3,004.02, up 0.23% (6.81 points) from the previous day, but the decline widened during the session. Looking at investor trends, individual investors bought stocks worth 553.6 billion KRW, while foreigners and institutions sold stocks worth 16.7 billion KRW and 567 billion KRW, respectively.

Among the top market capitalization stocks, all showed a downward trend except Samsung SDI (0.39%), Hyundai Motor (0.73%), and Kia (0.24%). Samsung Electronics recorded a 0.56% drop to 70,900 KRW, and SK Hynix (-1.34%), NAVER (-1.11%), Samsung Biologics (-2.75%), Kakao (-1.57%), and LG Chem (-0.77%) also declined.

During the session, news that U.S. Treasury Secretary Yellen warned in a letter to Congress that without measures to suspend or raise the debt ceiling, the U.S. could face a default after December 15 negatively impacted the stock market.

The KOSDAQ index stood at 1,030.44, down 0.49% (5.02 points) from the previous day. The index opened at 1,039.36, up 0.38% (3.90 points) from the previous day, but soon showed a downward trend. Regarding investor trends, individual investors alone bought stocks worth 201.9 billion KRW, while foreigners and institutions sold stocks worth 153.4 billion KRW and 3.3 billion KRW, respectively.

Among the top market capitalization stocks, Pearl Abyss (0.87%), Kakao Games (1.66%), L&F (2.33%), and SK Materials (1.52%) showed gains, while Celltrion Healthcare (-4.08%), EcoPro BM (-0.27%), and Celltrion Pharm (-4.94%) declined.

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