KOSPI and KOSDAQ Drop Over 2% in Morning Session... Samsung Electronics Falls to 60,000 KRW Intraday

KOSPI and KOSDAQ Decline Due to Foreign and Institutional Selling Pressure

On the 7th, the KOSPI index opened at 2,680.17, down 33.26 points (1.23%) from the previous session, as employees were working in the dealing room of Hana Bank in Jung-gu, Seoul. The won-dollar exchange rate started at 1,219.0 won, up 4.8 won from the previous session, surpassing 1,220 won intraday for the first time in 1 year and 9 months. Photo by Kim Hyun-min kimhyun81@

[Asia Economy Reporter Hwang Yoon-joo] The KOSPI and KOSDAQ indices, which started off declining, are widening their losses during the morning session. The ongoing clashes between Russia and Ukraine ahead of their third round of negotiations are interpreted as weighing on the market. Due to selling pressure from foreigners and institutions, Samsung Electronics briefly fell below the 70,000 KRW mark during trading but is barely holding at 70,000 KRW.

As of 11 a.m. on the 7th, the KOSPI index is trading at 2,645.45, down 2.51% (67.98 points) compared to the previous trading day.

On this day, the KOSPI opened at 2,680.17, down 1.23% (30.26 points) from the previous day, then recorded 2,664.16 at 10 a.m., down 1.82% (49.27 points), and has continued to decline since.

The selling pressure from foreigners and institutions is dragging the index down. At this time, foreigners and institutions have sold 619.4 billion KRW and 642.1 billion KRW respectively, while individuals alone have purchased 1.2449 trillion KRW.

Most of the top market capitalization stocks are also showing declines. Samsung Electronics is trading at 70,000 KRW, down 2.10% from the previous day, but it recorded 69,900 KRW during the session. LG Energy Solution (-2.92%), SK Hynix (-4.42%), Samsung Biologics (-2.06%), Naver (-3.78%), Kakao (-2.85%), Hyundai Motor (-1.74%), LG Chem (-5.61%), Samsung SDI (-3.79%), Kia (-3.42%), and POSCO (-1.54%) ? all top 10 stocks by market cap are in the red.

Samsung Electronics stock price on the morning of the 7th

By sector, most industries are declining, including Textile/Apparel (-3.93%), Insurance (-3.29%), Food & Beverage (-3.20%), Chemicals (-3.04%), Finance (-3.09%), Securities (-3.13%), Electrical/Electronics (-2.76%), Services (-2.57%), and Manufacturing (-2.47%).

At the same time, the KOSDAQ index is also trading down 2.37% (21.35 points) at 879.61 compared to the previous day, with losses widening from the initial 1% decline at the start of the session.

Looking at investor trends, foreigners and institutions are net sellers of 78.1 billion KRW and 68.5 billion KRW respectively, while individuals are net buyers of 149.3 billion KRW.

By sector, IT components are leading the decline with a 4.00% drop. Most sectors are down, including Telecommunications Equipment (-3.44%), Paper/Wood (-3.35%), Semiconductors (-2.94%), and Chemicals (-2.95%).

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