Foreigners and Institutions 'Sell Off'... KOSPI Drops Over 1%, Exchange Rate Returns to 1300 Won Range

The domestic stock market closed lower on the 1st. On that day alone, the exchange rate rose by more than 15 won, climbing back to the 1300 won level.

On that day, the KOSPI index closed at 2505.01, down 30.28 points (1.19%) from the previous session. Individual investors net bought 561.4 billion won, while foreigners and institutions sold 166.1 billion won and 419.6 billion won respectively.

Most of the top groups by market capitalization in the KOSPI market closed lower. Battery-related stocks such as LG Energy Solution (-5.72%) and Samsung SDI (-5.30%) showed relatively large declines, leading to a weak market. Samsung Electronics (-1.10%), Samsung Biologics (-1.93%), and POSCO Holdings (-1.86%) also closed lower.

Choi Yoo-jun, Senior Researcher at Shinhan Investment Corp., explained, "Due to the previous day's decline in Nvidia and Tesla, semiconductor and secondary battery stocks widened their losses together," adding, "In the KOSDAQ, there was a continued concentration of demand in newly listed stocks and rapidly rising stocks."

The KOSDAQ index closed at 827.24, down 4.44 points (0.53%) from the previous session. Individuals net bought 208.4 billion won, while foreigners and institutions net sold 89.1 billion won and 116.4 billion won respectively.

The top groups by market capitalization in the KOSDAQ showed mixed price directions. Alteogen (3.25%), EcoPro BM (2.19%), and HPSP (2.05%) saw their stock prices rise, whereas POSCO DX (-8.03%), Rainbow Robotics (-5.19%), Celltrion Healthcare (-3.22%), and EcoPro (-3.21%) closed lower.

Meanwhile, in the Seoul foreign exchange market on the same day, the won-dollar exchange rate closed at 1305.8 won, up 15.8 won.

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