KOSPI Drops Over 1.5% Intraday to 2940 Level... KOSDAQ Also Falls Over 2%

[Image source=Yonhap News]

[Asia Economy Reporter Park Ji-hwan] On the 5th, the domestic stock market is showing a simultaneous sharp decline. The KOSPI fell more than 1.5% intraday, and the KOSDAQ also experienced a sharp drop exceeding 2%.

As of 1:40 PM on the same day, the KOSPI stood at 2,943.96, down 45.28 points (-1.51%) compared to the previous day.

By investor type, foreigners and institutions sold net amounts of 77.2 billion KRW and 969.6 billion KRW, respectively. Individuals bought a net amount of 1.025 trillion KRW.

In the overnight New York stock market, high-valuation technology stocks plunged due to rising interest rates. The Dow Jones Industrial Average rose 0.59% to hit a record high, but the S&P 500 fell 0.06%, and the Nasdaq dropped 1.33%. As a result, growth stocks in the domestic stock market are also showing a simultaneous weakness.

Among the top 10 KOSPI market capitalization stocks, Samsung Electronics (-2.41%), SK Hynix (-5.06%), Kakao (-4.93%), Samsung Biologics (-3.38%), and NAVER (-3.15%) declined. Kia (2.04%), LG Chem (2.95%), and Hyundai Motor (1.67%) rose.

At the same time, the KOSDAQ stood at 1,008.41, down 23.25 points (-2.25%) compared to the previous day.

By investor type, institutions and foreigners sold net amounts of 202.8 billion KRW and 254.5 billion KRW, respectively. Individuals bought a net amount of 467.4 billion KRW.

Among the top 10 KOSDAQ market capitalization stocks, Celltrion Healthcare (-3.16%), EcoPro BM (-2.06%), Wemade (-7.09%), L&F (-4.09%), and Kakao Games (-4.10%) declined.

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