KOSPI Starts Below 2400... Individual Investors' 'Panic Sell' Following Yoon's Impeachment Rejection

KOSPI All Sectors Recording 1-2% Declines
Individuals Selling in KOSPI and KOSDAQ Markets
Higher Declines in Bio and Entertainment Stocks with Large Individual Shareholders

Democratic Party of Korea lawmakers, including leader Lee Jae-myung, are holding a rally urging impeachment and condemning the People Power Party after the vote on the impeachment motion against President Yoon Seok-yeol was defeated at the National Assembly on the 7th. Photo by Kim Hyun-min

The KOSPI index started lower on the 9th, falling below the 2400 mark. Political uncertainty remains following the rejection of the impeachment vote against President Yoon Suk-yeol over the past weekend, leading to continued panic selling by individual investors.

As of 9:08 a.m., the KOSPI index stood at 2393.09, down 35.07 points (1.44%) from the previous close. The index opened at 2392.37, down 1.47%. Currently, 67 stocks are rising while 838 are falling.

In the KOSPI market, the main sellers are individuals. Individuals are net selling 197 billion KRW, while institutions (160.6 billion KRW) and foreigners (35.5 billion KRW) are net buyers. Program trading shows a net buying of 106.5 billion KRW, combining arbitrage and non-arbitrage trades.

By sector, chemicals (-2.73%) lead the decline, followed by construction, non-metallic minerals, transportation & warehousing, medical & precision instruments, telecommunications, machinery & equipment, entertainment & culture, textiles & apparel, and insurance, all down around 2%. Insurance, real estate, securities, electricity & gas, distribution, transportation equipment & parts, paper & wood, finance, and IT services are also down about 1%.

Among the top market cap stocks, the trend is mixed. Samsung Electronics (-0.92%), LG Energy Solution (-0.90%), Hyundai Motor (-0.98%), Celltrion (-1.50%), Kia (-1.48%), Samsung Electronics Preferred (-1.87%), and KB Financial Group (-1.52%) are down, while SK Hynix (0.30%), Samsung Biologics (0.62%), and Korea Zinc (2.59%) are up.

At the same time, the KOSDAQ index is trading at 644.60, down 16.73 points (2.53%) from the previous close. The index opened down 1.81%, starting the session below the 650 level.

Similar to the KOSPI market, individual investors are selling in the KOSDAQ market. Individuals are net sellers of 72.2 billion KRW, while foreigners and institutions are net buyers of 47.2 billion KRW and 24.5 billion KRW, respectively. Program trading shows a net buying of 64.9 billion KRW, combining arbitrage and non-arbitrage trades.

Most of the top market cap stocks are declining. Alteogen (-2.29%), EcoPro BM (-1.16%), Ligand Chem Bio (-2.96%), Hugel (-3.58%), Enchem (-2.73%), Classys (-3.46%), Rainbow Robotics (-3.54%), and JYP Ent. (-7.46%) are down, while HLB (1.24%) and EcoPro (0.56%) are the only gainers.

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