Foreign and Institutional Selling Pressure Puts KOSPI 2300 Level 'At Risk'... KOSDAQ Falls Below 750 Level
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[Asia Economy Reporter Lee Jung-yoon] The KOSPI is fluctuating around the 2300 level due to selling pressure from foreigners and institutions.
As of 2:12 PM on the 6th, the KOSPI index was recorded at 2302.56, down 39.22 points (1.67%) from the previous trading day. The index fell to 2299.00 around 2:06 PM and has been moving up and down around the 2300 level since then. Foreigners and institutions sold a net amount worth approximately 328.4 billion KRW and 449.4 billion KRW respectively, while individuals bought a net amount worth about 752.9 billion KRW.
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The KOSDAQ index fell below the 750 level due to net selling by foreigners. At the same time, the KOSDAQ index was recorded at 748.34, down 2.61 points (0.35%) from the previous trading day. Foreigners sold about 85.4 billion KRW, while individuals and institutions bought net amounts worth 74.6 billion KRW and 27.7 billion KRW respectively.
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