KOSPI Extends Intraday Decline Amid Net Selling by Foreigners and Institutions

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The KOSPI index is widening its intraday decline due to net selling by foreigners and institutions.

As of 9:54 AM on the 4th, the KOSPI index is trading at 2413.06, down 2.11% from the previous day.

By investor type, institutions and foreigners are net selling 368 billion KRW and 120.8 billion KRW respectively, while individuals are net buying 477.2 billion KRW. Foreigners are also net selling 625.9 billion KRW in the futures market.

The New York stock market closed lower the previous day as Treasury yields rose following hawkish remarks from Federal Reserve (Fed) officials. The U.S. 10-year Treasury yield surpassed 4.8%, reaching its highest level since August 2007.

Additionally, the August Job Openings and Labor Turnover Survey (JOLTS) report showed a larger-than-expected increase in job openings, which also contributed to the rise in yields. The August job openings announced were 9.61 million, about 690,000 more than the previous month.

By sector, all sectors are in decline. The electric and gas utilities sector is down 2.92%, machinery -2.9%, distribution -2.72%, services -2.72%, medical precision -2.7%, securities -2.59%, chemicals -2.52%, textiles and apparel -2.32%, electrical and electronics -2.18%, and manufacturing -2.16%.

Most of the top market capitalization stocks are also showing declines. Samsung Electronics is down 1.9%, LG Energy Solution -3.04%, SK Hynix -0.35%, Samsung Biologics -1.47%, POSCO Holdings -1.5%, Hyundai Motor -0.73%, LG Chem -1.21%, Samsung SDI -4.3%, and Kia -0.37%.

At the same time, the KOSDAQ index is also widening its losses. The KOSDAQ index is trading at 816.61, down 2.9% from the previous day. By investor type, institutions and foreigners are net selling 58.8 billion KRW and 195.3 billion KRW respectively, while individuals are net buying 253.6 billion KRW.

Among the top market capitalization stocks, EcoPro BM is down 4.74%, EcoPro -4.99%, Celltrion Healthcare 3.33%, L&F -5.13%, HLB -0.17%, JYP Ent. -3.38%, Alteogen -3.82%, Rainbow Robotics -7.65%, showing weakness. Meanwhile, POSCO DX is up 2.4%.

Meanwhile, at the same time in the Seoul foreign exchange market, the won/dollar exchange rate is trading at 1358.7 won, up 9.4 won from the previous day.

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