KOSPI Declines for 5 Consecutive Trading Days... KOSDAQ Also Down 1.94%

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[Asia Economy Reporter Lee Jung-yoon] The KOSPI index has been on a decline for five consecutive trading days as of the 9th.

As of 11:18 a.m. on the day, the KOSPI index stood at 2,620.16, down 24.35 points (0.92%) from the previous trading day. This marks five consecutive trading days of decline since the 5th of this month. Foreign investors and institutions have been net sellers of approximately 103.6 billion KRW and 148.2 billion KRW respectively, while individual investors have been net buyers of 242.5 billion KRW. The index fell to as low as 2,613.67 during the session, the lowest intraday level in over two months since March 8.

Among the top market capitalization stocks, Samsung SDI fell the most, down 2.27%. This was followed by Kia (-2.03%), LG Chem (-1.73%), LG Energy Solution (-1.62%), and Hyundai Motor (-0.27%). SK Hynix (1.40%), Naver (0.92%), and Samsung Biologics (0.38%) rose. Samsung Electronics, the largest by market capitalization, remained flat.

By sector, textiles and apparel (-4.82%), paper and wood (-2.47%), and construction (-2.37%) declined, while medical precision (0.98%), banking (0.28%), and telecommunications (0.13%) rose.

At the same time, the KOSDAQ index fell 17.12 points (1.94%) from the previous session to 867.10. Foreign investors and institutions were net sellers of 72 billion KRW and 45.1 billion KRW respectively, while individual investors were net buyers of 118.6 billion KRW.

Among the top market capitalization stocks, all but Kakao Games (0.17%) declined. Cheonbo (-3.04%), L&F (-2.11%), CJ ENM (-1.47%), and EcoPro BM (-1.38%) were among the decliners.

Seosangyoung, a researcher at Mirae Asset Securities, explained, "The dollar index once rose to 104, showing strength in the dollar. This leads to expectations that the global economy may not be doing well, which seems to have pressured the domestic stock market. Also, Japanese Prime Minister Fumio Kishida’s announcement to ban imports of Russian crude oil has raised concerns about the Japanese economy, which likely added to the burden on the domestic stock market."

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