KOSPI Falls Below 2860 Amid Institutional and Individual Selling Pressure

The KOSPI gave up the 2860 level amid simultaneous selling by institutions and individuals.

Amid continuous gains in the US stock market, on the 8th, the domestic stock market started with a strong but stable trend, with both KOSPI and KOSDAQ repeating slight rises and falls, while the won-dollar exchange rate slightly declined. Employees are working in the dealing room at the Seoul Hana Bank headquarters. Photo by Younghan Heo younghan@

According to the Korea Exchange on the 8th, the KOSPI index closed at 2857.76, down 4.47 points (0.16%) from the previous session.

On that day, the index opened at 2862.58, up 0.35 points (0.01%) from the previous session, fluctuated throughout the session, and eventually surrendered the 2860 level.

In the securities market that day, foreigners led the index by buying alone. Foreigners net purchased 527.1 billion KRW, while institutions and individuals net sold 347.6 billion KRW and 184.2 billion KRW, respectively.

Among the top market capitalization stocks, Samsung Electronics, which rose nearly 2% early in the session to set a new 52-week high, saw its gains shrink to 0.34%, closing at 87,400 KRW, following news that the National Samsung Electronics Labor Union held its first-ever strike.

LG Energy Solution rose 0.28% thanks to Tesla's stock price rebound, while Naver and Kakao rose 1.43% and 2.17%, respectively.

The KOSDAQ index closed at 859.27, up 11.78 points (1.39%) from the previous session. The index opened at 848.59, up 1.10 points (0.13%) from the previous trading day, and maintained an upward trend throughout the session.

In the KOSDAQ market, foreigners bought 78.9 billion KRW, while institutions and individuals showed net selling of 47.6 billion KRW and 38.3 billion KRW, respectively.

Thanks to Tesla's rising stock price, EcoPro (6.21%) and EcoPro BM (4.47%) surged. Silicon Two (7.00%), HPSP (4.01%), Classys (3.77%), EO Technics (2.64%), and Techwing (2.60%) also rose significantly. On the other hand, Alteogen (-2.33%), Enchem (-1.30%), Samchundang Pharm (-1.12%), and HLB (-0.97%) declined.

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