KOSDAQ's 'Worst Day'... 4.31% 'Plunge'
On the 11th, dealers are working in the dealing room of Hana Bank in Euljiro, Seoul. On this day, the KOSPI index opened at 2,193.02, down 39.82 points (1.78%) from the previous trading day. The won-dollar exchange rate opened at 1,428.0, up 15.6 won. Photo by Moon Honam munonam@
View original image[Asia Economy Reporter Hwang Junho] On the 11th, the stock market is plummeting without finding a bottom. In particular, the KOSDAQ fell by 4.31%, marking the largest single-day drop since June 13.
As of 1:29 PM on the 11th, the KOSPI is at 2180.28, down 2.35% from the previous close. Following the morning session, individual investors continue net buying (233.1 billion KRW) in the afternoon, helping to curb the index's decline. Foreign investors also began net buying worth 35.7 billion KRW in the afternoon. However, institutions are showing a net selling intention of 260.4 billion KRW, causing the index to widen its losses compared to the morning session.
Among all stocks, 38 stocks rose. Most of the top market capitalization stocks are also recording declines. Samsung Electronics is down 2.49% at 54,800 KRW, Hyundai Motor is down 4.84% at 167,000 KRW. Kia also fell 5.35%, and Samsung Biologics dropped 1.85%. However, unlike in the morning, secondary battery-related stocks such as LG Energy Solution (up 2.59%), LG Chem (up 0.34%), and Samsung SDI (up 0.51%) are showing upward trends.
The situation in KOSDAQ is severe. It is down 4.31% from the previous close at 668.41. Individuals are showing a net buying intention of 186.9 billion KRW. However, foreign investors are net selling 124.8 billion KRW, and institutions are net selling 60.4 billion KRW, causing the index to show a steep decline. This drop is the steepest since June 13 (-4.72%).
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Among the top market capitalization stocks, only 66 stocks rose. Most of the top market capitalization stocks also declined. The declines were significant for Pearl Abyss (-6.54%), HLB (-6.15%), JYP ENT. (-4.49%), and Kakao Games (-4.04%). On the other hand, similar to KOSDAQ, only EcoPro BM, a secondary battery-related stock, rose by about 0.82%.
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