'Extremely Contracted Investor Sentiment' KOSPI Drops Over 2%... Large Foreign Selling Pressure Emerges

[Asia Economy Reporter Kwon Jae-hee] Despite the rise in the three major U.S. stock indices, the KOSPI index is recording a decline of over 1% due to simultaneous selling by foreigners and institutions. The KOSPI index recovered the 2400 level the previous day but has fallen below 2400 again.

As of 2:19 PM on the 22nd, the KOSPI index stands at 2360.24, down 2.02% (48.69 points) from the previous trading day. The KOSPI opened the day at 2417.11, up 0.34% (8.18 points) from the previous day, but the decline widened in the afternoon session.

By sector, all industries are showing a downward trend. Construction (-3.80%), Textile and Apparel (-3.54%), Non-metallic Minerals (-3.23%), Chemicals (-3.18%), Steel and Metals (-3.01%), Securities (-2.75%), Finance (-2.61%), Services (-2.49%), Machinery (-2.44%), and Paper and Wood (-2.35%) are among the sectors declining.

Among the top 10 market capitalization stocks, all except Hyundai Motor (0.29%) are falling. Samsung Electronics (-0.51%), LG Energy Solution (-1.94%), SK Hynix (-2.31%), Samsung Biologics (-0.24%), Samsung Electronics Preferred (-0.19%), LG Chem (-1.41%), NAVER (-3.55%), Samsung SDI (-4.37%), and Kia (-0.39%) are all down.

At the same time, the KOSDAQ index is also down 3.10% (24.09 points) from the previous trading day, standing at 754.21. The KOSDAQ opened at 783.21, up 0.63% (4.91 points) from the previous day.

Only the Food and Beverage sector (1.76%) is showing gains on the KOSDAQ, while all other sectors are declining. Entertainment and Culture (-5.00%), Semiconductors (-4.91%), Digital Content (-4.73%), Telecommunications Equipment (-4.51%), IT Software (-4.32%), Software (-4.20%), and Non-metallic (-4.17%) are among the sectors falling.

Among the top 10 market capitalization stocks on the KOSDAQ, all except EcoPro BM (0.36%) and Celltrion Healthcare (0.65%) are declining. L&F (-0.49%), Kakao Games (-8.78%), HLB (-0.90%), Pearl Abyss (-3.14%), Celltrion Pharm (-0.67%), Alteogen (-0.33%), Cheonbo (-3.40%), and Wemade (-4.28%) are all down.

Seo Sang-young, Head of Media Content at Mirae Asset Securities, analyzed, "In an extremely contracted investment sentiment, selling pressure from foreigners and some negative factors are causing the downward trend."

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