KOSPI Drops 1.7% to 2960 Level with Widening Decline... KOSDAQ Also Falls Sharply to 990 Level

[Image source=Yonhap News]

[Asia Economy Reporter Park Jihwan] On the 20th, the KOSPI is extending its decline due to increased selling pressure from foreigners and institutions. This is interpreted as a weakening of investor sentiment, mainly among foreigners, amid growing concerns about tightening as central banks around the world continue to raise benchmark interest rates alongside the global spread of Omicron.

As of 1:09 PM on the same day, the KOSPI is trading at 2,964.39, down 1.77% (53.34 points) from the previous trading day. The index opened at 2,999.99, down 0.59% (17.74 points) from the previous day, and the decline has deepened as time passed.

By investor type, individuals are buying 843.4 billion KRW. In contrast, institutions and foreigners are net sellers of 391.6 billion KRW and 482.4 billion KRW respectively, pulling the index down.

Among the top 10 market capitalization stocks, all are declining: Samsung Electronics (-1.41%), SK Hynix (-1.23%), Samsung Biologics (-2.30%), NAVER (-2.85%), Kakao (-3.83%), LG Chem (-5.88%), Samsung SDI (-3.09%), Hyundai Motor (-1.91%), and Kia (-1.77%).

At the same time, the KOSDAQ is trading at 991.58, down 0.97% (9.68 points) from the previous trading day.

By investor type, individuals and institutions are net buyers of 118.3 billion KRW and 24.3 billion KRW respectively. Meanwhile, foreigners are net sellers of 137.1 billion KRW.

Among the top 10 market capitalization stocks, performance was mixed. Celltrion Healthcare (0.61%), Pearl Abyss (2.25%), HL Biopharma (0.15%), and Seegene (2.67%) rose. On the other hand, EcoPro BM (-1.04%), L&F (-0.50%), and Kakao Games (-0.23%) declined.

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