Domestic Stock Market Starts with a Joint Decline... KOSPI Falls Back to 2660 Level

Foreigners and Institutions Sell Together
KOSPI Turns Weak After Four Days

[Image source=Yonhap News]

[Asia Economy Reporter Ji Yeon-jin] As concerns over a recession in the US resurfaced, the domestic stock market started lower on the 2nd. International oil prices turned upward again, and the recently stabilized won-dollar exchange rate also rebounded, leading both institutional and foreign investors to sell off domestic stocks, pushing the market back into a bearish trend after four days.

On this day, the KOSPI index opened at 2,670.74, down 15.16 points (0.56%) from the previous trading day, and the decline was slightly widening. As of 9:05 a.m., the stock price had dropped 22.98 points (0.86%). While individuals were buying stocks worth 122.3 billion won, institutions and foreigners were net sellers, offloading 97.2 billion won and 26.5 billion won respectively.

At the same time, the KOSDAQ index was down 3.90 points (0.44%) at 889.46. Earlier, the index had started at 890.47, down 2.89 points (0.32%). Foreigners and institutions were net sellers of 29.6 billion won and 3.6 billion won respectively, while individuals were net buyers of 32.2 billion won.

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