KOSPI Falls Due to Foreign and Institutional Selling... "Towards 2470 Level"
The KOSPI fell to the 2470 level as both foreigners and institutions engaged in net selling.
As of 9:47 a.m. on the 17th, the KOSPI was trading at 2472.84, down 15.34 points (0.62%) from the previous trading day.
By investor type, foreigners and institutions net sold 64.4 billion KRW and 158.7 billion KRW, respectively. Individuals net bought 218.9 billion KRW.
By sector, steel and metals, machinery, and distribution are down more than 1%. Meanwhile, transportation and warehousing and telecommunications are showing slight gains.
Among the top market capitalization stocks, Samsung Electronics traded at 72,800 KRW, unchanged from the previous trading day. LG Energy Solution and POSCO Holdings fell more than 2%, while Samsung SDI and POSCO Future M dropped more than 1%. On the other hand, LG Chem rose 1.25%.
The KOSDAQ also declined, trading at 803.24, down 7.87 points (0.97%) from the previous trading day.
By investor type, foreigners and institutions net sold 83.9 billion KRW and 1.9 billion KRW, respectively. Meanwhile, individuals net bought 81.6 billion KRW.
By sector, finance fell 3.23%. Metals, machinery equipment, digital content, food and tobacco, telecommunications equipment, publishing and reproduction, other manufacturing, and IT components all dropped more than 1%. Conversely, semiconductors, telecommunication services, non-metallics, and internet sectors showed slight gains.
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Among the top market capitalization stocks, EcoPro BM traded at 235,500 KRW, down 7,000 KRW (2.89%) from the previous trading day. EcoPro and Rainbow Robotics fell 4.08% and 3.25%, respectively. POSCO DX and L&F also dropped more than 2%. Meanwhile, Rino Industrial rose 6.67%, and Alteogen and Pearl Abyss increased more than 1%.
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