KOSPI Falls Below 3,200 on Foreign Investor Sell-Off
The KOSPI is trading below the 3,200 mark due to net selling by foreign investors.
As of 9:35 a.m. on August 18, the KOSPI stood at 3,195.73, down 29.93 points (0.93%) from the previous trading day.
The index opened at 3,202.63, down 0.71% from the previous session. In early trading, the index fell as low as 3,182.77 due to net selling by both foreign and institutional investors. However, as institutions shifted to net buying, the decline has been partially offset.
By investor type, foreign investors recorded a net sell of 81.2 billion won. In contrast, individual investors and institutions posted net buys of 64.4 billion won and 8.7 billion won, respectively.
By sector, electrical and electronics stocks are down 1.88%, while securities and textiles & apparel are also falling by more than 1%. On the other hand, electric & gas utilities are up 3.09%, and transportation & storage are rising by 2.04%.
Among large-cap stocks, Samsung Electronics is trading at 70,450 won, down 1,150 won (1.61%) from the previous session. KB Financial Group is down 4.59%, and SK Hynix is also falling by 2.17%. LG Energy Solution and Shinhan Financial Group are both down more than 1%. In contrast, Hanwha Ocean is up 2.91%, and HD Hyundai Heavy Industries is rising by 1.78%.
The KOSDAQ is at 804.81, down 10.45 points (1.28%) from the previous trading day.
By investor type, foreign investors and institutions are net sellers of 23 billion won and 27.4 billion won, respectively. In contrast, individual investors are net buyers of 52.1 billion won.
Most sectors are declining. Textiles & apparel and paper & wood are down more than 2%. Chemicals, medical & precision, electrical & electronics, and machinery & equipment are also falling by more than 1%. In contrast, publishing & media replication is showing a slight upward trend.
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Among the top market cap stocks, Alteogen is trading at 443,000 won, up 6,000 won (1.37%) from the previous session. ABL Bio is also up 1.72%. In contrast, Ecopro BM and Peptron are down more than 3%. LIG ChemBio, HLB, and Rainbow Robotics are down more than 2%, and Hugel is also declining by 1.58%.
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