KOSPI Falls Below 2800 Due to Foreign and Institutional Selling Pressure

The KOSPI index fell below the 2800 mark in early trading due to simultaneous selling by foreigners and institutions. It is the first time in 12 trading days that the KOSPI has dropped below 2800.

On the 16th, the KOSPI index opened at 2,861.71, up 0.79 points (0.03%) from the previous trading day, and the won/dollar exchange rate started at 1,384.0 won, up 0.8 won. Dealers are working in the dealing room at the Hana Bank headquarters in Jung-gu, Seoul. Photo by Jo Yongjun jun21@

As of 9:55 a.m. on the 19th, the KOSPI index stood at 2796.09, down 28.26 points (-1.00%) from the previous trading day.

Individual investors are net buying 344.9 billion KRW alone, while foreigners and institutions are net selling 146.9 billion KRW and 189.2 billion KRW, respectively. Foreigners have turned to selling for the first time in six trading days.

Among the top market capitalization stocks, all are falling except LG Energy Solution (0.90%). Semiconductor stocks such as Samsung Electronics (-1.61%) and SK Hynix (-0.71%) are down, along with Samsung Biologics (-2.47%), Hyundai Motor (-1.54%), and Kia (-1.58%). KB Financial, which had been rising due to value-up benefits, is down 1.70%, and NAVER is down 2%.

At the same time, the KOSDAQ index is up 1.65 points (0.20%) from the previous trading day, standing at 824.13.

In the KOSDAQ market, individuals are net buying 57.3 billion KRW, while foreigners and institutions are net selling 48.5 billion KRW and 2.6 billion KRW, respectively.

The top market capitalization stocks show mixed trends. Enchem is up more than 7%, and EcoPro BM (1.37%), Samchundang Pharmaceutical (1.73%), and others are rising over 1%. On the other hand, Classys (-4.20%) and Lino Industrial (-3.08%) are sharply down, and HLB (-0.60%) and Celltrion Healthcare (-0.32%) are also declining.

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