KOSDAQ Recovers Above 900 After One Month, Drops Over 1% in a Day...

[Asia Economy Reporter Kwon Jaehee] The KOSDAQ index fell below the 900 mark during the trading session after just one day. Having recovered the 900 level for the first time in a month the previous day, the KOSDAQ ultimately failed to hold above 900 due to selling pressure from foreigners and institutions.

According to the Korea Exchange as of 1:40 PM on the 4th, the KOSDAQ index was trading at 897.55, down 1.62% (14.77 points) from the previous trading day. The KOSDAQ opened the day at 908.47, down 0.42% (3.85 points) from the previous day, and the decline widened. The KOSDAQ index had risen for four consecutive trading days since the 25th of last month but turned downward today.

By investor type, individual investors were the sole net buyers with purchases worth 353.8 billion KRW. In contrast, foreigners and institutions were net sellers, offloading 223.2 billion KRW and 126.1 billion KRW respectively.

By sector, most sectors except transportation, metals, and entertainment culture were in decline. Digital content saw the largest drop at -3.74%. This was followed by IT and software (-2.92%), publishing (-2.42%), IT components (-2.11%), chemicals (-2.07%), internet (-2.04%), paper and wood (-2.00%), and information devices (-1.94%).

The top market capitalization stocks all declined. Wemade fell the most at -6.08%. This was followed by Kakao Games (-4.10%), Cheonbo (-3.38%), L&F (-3.14%), Pearl Abyss (-2.56%), Celltrion Healthcare (-2.51%), and Celltrion Pharm (-2.41%).

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