Foreigners and Institutions Pull Down KOSPI... KOSDAQ Trades Around 950 Level

KOSPI Falls Over 1%, Trades Around 2880 Level

[Asia Economy Reporter Minji Lee] The KOSPI index fell to the 2880 level due to sell-offs by foreigners and institutions. The KOSDAQ index also plunged to the 950 level, showing a sharp decline.

At 2:07 PM on the 17th, the KOSPI was at 2979.81, down 1.44% (42.11 points) from the previous trading day. If the downward trend continues into the afternoon, it is expected to close below the 2900 level for the first time in about a month since recording 2899.72 on the 1st of last month.

On this day, the KOSPI opened at 2918.55, down 0.12% (3.37 points) from the previous trading day, and the decline widened due to sell-offs by foreigners and institutions. In the stock market, foreigners and institutions sold stocks worth 254.9 billion KRW and 274 billion KRW respectively, while individuals alone bought stocks worth 507.8 billion KRW.

Looking at the top market capitalization stocks, Samsung Electronics (-0.26%) and NAVER (-0.15%), which had maintained an upward trend until the morning, also turned downward. Most other top stocks continued to decline, including SK Hynix (-2.72%), LG Chem (-1.96%), Samsung SDI (-1.24%), Hyundai Motor (-2.63%), Kakao (-1.92%), and Kia (-1.67%).

At the same time, the KOSDAQ index was at 956.30, down 1.56% (15.09 points) from the previous trading day. The KOSDAQ index opened at 971.81, up 0.04% (0.42 points) from the previous day, but soon turned downward and widened its losses. Regarding investor trends, institutions and individuals bought stocks worth 40.8 billion KRW and 110.4 billion KRW respectively, while foreigners alone net sold stocks worth 154 billion KRW.

Among the top market capitalization stocks, Celltrion Healthcare recorded 65,700 KRW, down 7.07% from the previous trading day. EcoPro BM (0.51%), L&F (0.88%), Chunbo (1.32%), and Lino Industrial (1.87%) rose, while Pearl Abyss (-2.02%), Kakao Games (-2.12%), and HLB (-2.45%) declined.

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