Individual 'Saja' Recovers KOSPI Drop... Intraday Rebounds to 2590 Level

[Image source=Yonhap News]

[Asia Economy Reporter Lee Jung-yoon] Following the sharp decline in the US stock market, the KOSPI, which had plunged on the 10th, recovered to the 2590 level in the afternoon due to individual investors' buying momentum.

As of 2:16 PM on the same day, the KOSPI index recorded 2597.13, down 13.68 points (0.52%) from the previous day. Foreigners and institutions are net selling approximately 186.8 billion KRW and 41.6 billion KRW, respectively. Individuals are defending the index decline by net buying 215 billion KRW. During the day, the KOSPI index fell to as low as 2553.64, dropping to the 2550 level for the first time in 17 months since November 2020.

Among the top market capitalization stocks, SK Hynix (2.33%), Kia (1.45%), and Naver (NAVER) (0.91%) are showing upward trends.

By sector, telecommunications (1.21%), food and beverage (0.89%), medical precision (0.86%), and electric and electronics (0.10%) are rising. On the other hand, insurance (-1.74%), banking (-1.74%), and finance (-1.62%) sectors declined.

At the same time, the KOSDAQ index stood at 854.99, down 5.85 points (0.68%) from the previous session. Individuals and foreigners net bought approximately 4.7 billion KRW and 72.1 billion KRW, respectively, while institutions net sold 73.9 billion KRW.

Among the top market capitalization stocks, Celltrion Healthcare (1.19%) and Pearl Abyss (0.99%) are rising, while CJ ENM (-1.41%), EcoPro BM (-1.25%), and HLB (-1.02%) are declining in order.

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