KOSPI Continues to Fall Over 2% in the Afternoon... Samsung Electronics Recovers to 70,000 Won Range

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, breaking through 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 reduced its losses on the afternoon of the 7th but still showed a decline in the 2% range. On this day, Samsung Electronics recorded the 60,000 KRW range during the session but settled in the 70,000 KRW range in the afternoon. The KOSDAQ, which had been widening its losses in the 2% range along with the KOSPI, is now showing a decline in the 1% range again.

As of 1:45 PM on this day, the KOSPI index was trading at 884.58, down 1.82% (16.38 points) from the previous trading day. The KOSPI index started the session at 2,680.17, down 1.23% (30.26 points) from the previous trading day.

In the morning, the index fell to 2,645.45 due to increased selling pressure from foreigners and institutions, but the decline has slightly narrowed as individual buying expanded. By investor type, foreigners and institutions sold 946.2 billion KRW and 861.4 billion KRW respectively. Individuals are the only ones net buying, with 1.7831 trillion KRW.

By sector, most are in decline, including services (-2.03%), manufacturing (-1.87%), non-metallic minerals (-1.65%), paper/wood (-1.79%), transportation equipment (-1.83%), and machinery (-1.42%), but the extent of the decline has slightly decreased compared to the morning.

The top market capitalization stocks are all in decline. Samsung Electronics, ranked first in market cap, is down 2.10%. LG Energy Solution (-2.92%), SK Hynix (-4.42%), Samsung Biologics (-2.06%), Naver (-3.78%), Kakao (-2.85%), Hyundai Motor (-11.74%), LG Chem (-5.61%), Samsung SDI (-3.79%), and Kia (-3.42%) all have larger declines than the KOSPI index.

The KOSDAQ index is trading at 885.42, down 1.72% (15.54 points) from the previous trading day.

By investor type, individuals are the only net buyers with 199.3 billion KRW. In contrast, foreigners and institutions are net sellers with 102.5 billion KRW and 96.5 billion KRW respectively.

By sector, most are declining, including telecommunications equipment (-3.00%), paper/wood (-2.83%), transportation equipment/parts (-2.85%), and chemicals (-2.38%).

Among the top 10 stocks by market cap, only LAF (+1.01%), Pearl Abyss (+2.84%), and Seegene (+0.95%) are showing gains. HLB had the highest decline at -3.75%, followed by Kakao Games (-3.31%) with a decline in the 3% range.

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