KOSPI Closes at 2570 Amid China Real Estate Risks... KOSDAQ Drops Over 1%

On the 14th, the KOSPI and KOSDAQ indices both closed lower due to selling pressure from foreigners and institutions. The KOSDAQ index briefly fell below 900 during the session but barely recovered to close just above that level.

On this day, the KOSPI index closed at 2,570.87, down 20.39 points (0.79%) from the previous trading day. Foreigners and institutions sold 119.2 billion KRW and 333.3 billion KRW worth of stocks, respectively. Individual investors were net buyers with 427.4 billion KRW.

Among the top 10 market capitalization groups in the KOSPI market, all stocks closed lower except POSCO Holdings, which ended flat. LG Chem (-4.02%) and Samsung SDI (-3.63%) experienced relatively large declines, while Kia (-1.99%), Kakao (-1.74%), and Celltrion (-1.60%) also closed weaker.

Choi Yoo-jun, a researcher at Shinhan Investment Corp., said, "The KOSPI declined mainly in growth stocks such as secondary batteries, biotech, and entertainment due to concerns over the rebound in U.S. producer prices and risks in the Chinese real estate sector, but value stocks performed well." He added, "The KOSDAQ showed weakness centered on growth stocks as foreigners sold for the third consecutive day." He further noted, "Trading volume decreased last week, and the 900-point battle unfolded amid sectoral weakness focused on foreign profit-taking."

The KOSDAQ index fell more than 1%, closing at 901.68, down 10.52 points (1.15%) from the previous day. The index had been declining since the market opened and briefly broke below the 900 level to 894.08 during the session before slightly recovering in the afternoon, but it could not reverse the downward trend.

In the KOSDAQ market, foreigners and institutions were net sellers of 132.8 billion KRW and 34.3 billion KRW, respectively, while individual investors were net buyers of 191.7 billion KRW.

Among the top market capitalization groups in KOSDAQ, Celltrion Pharm (-9.23%) and Celltrion Healthcare (-2.49%) fell sharply. EcoPro BM (-1.70%) and EcoPro (-3.87%) also closed weaker. Entertainment stocks were generally sluggish, with JYP Ent. dropping 8.25%. SM, which had fallen nearly 6% early in the session, quickly rebounded and closed with slight gains.

Meanwhile, in the Seoul foreign exchange market, the won-dollar exchange rate closed at 1,330.9 won, up 6.0 won.

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