KOSPI Starts Down 1%... Samsung Electronics Drops to '60,000 Won' Level

[Image source=Yonhap News]

[Asia Economy Reporter Hwang Yoon-joo] The domestic stock market started the day on the 8th with a decline of over 1%. The KOSPI index fell to 2605.81 during the session before rising back to the 2610 level.

On this day, the KOSPI index opened at 2617.33, down 33.98 points (1.28%) from the previous day. As of 9:15 a.m., the index was at 2619.96, down 1.18%. Foreign investors, who recorded net selling the previous day, continued to sell 115.3 billion KRW in the early session today. Institutions, which also joined the selling, were net buyers of 47.6 billion KRW, and individuals were buying 67.8 billion KRW worth of stocks.

Samsung Electronics barely defended the 70,000 KRW level in the previous trading day but dropped to 69,000 KRW after the market opened. Most of the top 10 stocks by market capitalization are declining. LG Chem and Samsung SDI showed the largest drops, falling 2.33% and 2.15%, respectively.

At the same time, the KOSDAQ index was down 13.02 points (1.48%) at 868.52. The index opened at 869.05, down 12.49 points (1.42%) from the previous trading day. Individuals and institutions were net sellers of 4.9 billion KRW and 13.3 billion KRW, respectively, while foreign investors were the sole net buyers with 21.1 billion KRW.

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