KOSDAQ, Foreigners and Institutions Sell... "3% Decline"
KOSDAQ is falling nearly 3% due to increased net selling by foreigners and institutions.
As of 1:58 PM on the 2nd, KOSDAQ recorded 911.71, down 27.96 points (2.98%) compared to the previous trading day.
KOSDAQ started the day lower but recovered some losses and even reached a flat level. However, the decline is widening due to intensified net selling by foreigners and institutions.
By investor type, foreigners and institutions net sold 319.4 billion KRW and 160 billion KRW, respectively. Meanwhile, individuals net bought 504.9 billion KRW.
By sector, semiconductors fell 4.83%, while general electric and electronics, finance, other manufacturing, pharmaceuticals, and software all dropped more than 3%.
Among the top market capitalization stocks, most showed declines. EcoPro BM traded at 389,500 KRW, down 19,000 KRW (4.56%) from the previous trading day. HPSP fell more than 8%, and WCP also dropped over 6%. Additionally, EcoPro, POSCO DX, and Celltrion Pharm all declined more than 4%.
KOSPI is also seeing a widening decline.
As of the same time, KOSPI recorded 2,616.13, down 50.94 points (1.91%) from the previous trading day.
By investor type, foreigners and institutions net sold 181.5 billion KRW and 426 billion KRW, respectively. Meanwhile, individuals net bought 616 billion KRW.
By sector, medical precision instruments, transportation equipment, and steel & metals all fell more than 2%. On the other hand, paper & wood rose 2.99%, and non-metallic minerals increased 1.91%.
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All top market capitalization stocks showed declines. Samsung Electronics traded at 69,800 KRW, down 1,300 KRW (1.83%) from the previous trading day. SK Hynix and POSCO Holdings fell more than 4%, while Hyundai Motor, Kia, and POSCO Future M also dropped more than 3%.
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