KOSDAQ Falls Below 900... Exchange Rate Closes Lower After 4 Trading Days

On the 20th, the domestic stock market closed lower. In particular, the KOSDAQ market broke below the 900 level as both foreigners and institutions poured out sell orders. The won-dollar exchange rate surged early in the session, hitting a new high, but ended on a downward trend, showing unstable movement.

On that day, the KOSPI closed at 2,563.11, down 11.97 points (0.46%) from the previous session. Foreign investors were net buyers with 154.3 billion KRW, while individuals and institutions were net sellers with 86.4 billion KRW and 76.0 billion KRW, respectively.

Among the top 10 companies by market capitalization on the Korea Exchange, all stocks except LG Chem (1.27%) closed slightly lower. Samsung Electronics closed at 65,300 KRW, down 0.31%, and LG Energy Solution closed at 580,000 KRW, down 0.34%.

The decline in the KOSDAQ index was relatively more pronounced compared to the KOSPI. The KOSDAQ closed at 885.71, down 23.49 points (2.58%) from the previous session. Having risen above the 900 level (closing basis) on the 14th, the KOSDAQ fell back into the 800s with a significant drop of over 2% in just five trading days.

On that day, the KOSDAQ market saw strong simultaneous selling by foreigners and institutions. Foreigners sold 300.1 billion KRW, and institutions sold 242.5 billion KRW. Although individuals were net buyers with 541.8 billion KRW, it was insufficient to defend against the index decline.

Among the top 10 companies by market capitalization on the KOSDAQ, all stocks except Ecopro BM, which showed no price change, declined. In particular, L&F dropped sharply by 8.01%, closing at 27,000 KRW. Other stocks with notable declines included Celltrion Pharm (-2.39%), Celltrion Healthcare (-2.38%), and JYP Ent. (-1.93%).

Meanwhile, in the Seoul foreign exchange market, the won-dollar exchange rate closed at 1,322.8 KRW, down 2.9 KRW from the previous day. This marked the first decline in four trading days. The exchange rate initially rose during the session, at one point soaring to 1,332.3 KRW, showing instability. This was the highest level in about five months since November 29 last year (1,342.0 KRW) and a new high for this year. The rise was attributed to the UK inflation data released the previous day exceeding market expectations, increasing concerns about global tightening.

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