KOSPI Falls Over 1% Amid Strong Foreign Net Selling

On the 17th, the KOSPI started the session slightly down at 2484 points and, along with the KOSDAQ, continued to widen its decline, remaining weak. The won-dollar exchange rate rose slightly. Employees are working in the dealing room at Hana Bank in Euljiro, Seoul. Photo by Heo Young-han

The KOSPI index fell under strong selling pressure from foreign investors.

On the 17th, the KOSPI index closed at 2456.81, down 32.16 points (1.29%) from the previous day. The trading volume was 547.88 million shares, and the trading value was tentatively estimated at 9.0267 trillion won.

By investor type, institutions and individuals sold net amounts of 152.7 billion won and 464.2 billion won respectively, while foreigners sold a net 713.2 billion won, weighing down the index. Program trading saw a net purchase of 48.6 billion won in arbitrage trading and a net sale of 544.7 billion won in non-arbitrage trading.

By sector, most sectors declined. The metals sector fell 2.24%, chemicals -1.97%, pharmaceuticals -1.92%, IT services -1.9%, electrical and electronics -1.68%, manufacturing -1.55%, telecommunications -1.49%, entertainment and culture -1.05%, food, beverages and tobacco -1.03%, and transportation equipment -0.98%. On the other hand, the non-metal sector rose 0.82%, textiles and apparel 0.58%, construction 0.49%, and machinery and equipment 0.18%.

Among the top market capitalization stocks, more stocks fell than rose. Samsung Electronics dropped 2.52%, LG Energy Solution -3.89%, Samsung Biologics -2.5%, Hyundai Motor -2.13%, Celltrion -1.53%, KB Financial Group -0.24%, NAVER -2.1%, Shinhan Financial Group -1.72%, and Korea Zinc -4.63%. Meanwhile, SK Hynix rose 2.62%, Kia 0.42%, and Hyundai Mobis 0.84%.

On the day, 386 stocks rose, 496 stocks fell, and 58 stocks remained unchanged. One stock hit the upper price limit.

The KOSDAQ index also closed lower, pressured by simultaneous selling from institutions and foreigners. The KOSDAQ index closed at 694.47, down 4.06 points (0.58%) from the previous day. By investor type, institutions and foreigners sold net amounts of 9.3 billion won and 123.8 billion won respectively, while individuals bought a net 152.4 billion won.

Most of the top market capitalization stocks declined. Alteogen fell 2.9%, EcoPro BM -7.8%, HLB -3.12%, EcoPro -6.28%, Ligand Chem Bio -1.22%, Hugel -0.74%, Classys -0.61%, and Enchem -3.17%. On the other hand, Rino Industrial rose 6.85%, Shinsung Delta Tech 3.01%, Pharma Research 1.37%, and Samchundang Pharmaceuticals 9.31% showed strong performance.

Meanwhile, in the Seoul foreign exchange market, the won/dollar exchange rate traded at 1438.4 won, up 2.4 won from the previous day.

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