KOSPI Drops Over 1% on Foreign Investor Sell-Off, Falls Below 4,000 Mark

Yonhap News Agency

The KOSPI index fell below the 4,000 mark, pressured by net selling from institutional and foreign investors.

On November 7, the KOSPI closed at 3,953.76, down 72.69 points (1.81%) from the previous day. Trading volume was provisionally tallied at 366.71 million shares, with a trading value of 18.6152 trillion won.

By investor type, institutions and foreign investors recorded net sales of 228.1 billion won and 479.1 billion won, respectively, while individual investors made net purchases totaling 695.9 billion won. In the futures market, institutions were net buyers of 341.9 billion won, while foreign investors and individuals were net sellers of 235.9 billion won and 67.6 billion won, respectively. Program trading saw a net purchase of 6.8 billion won in arbitrage trading and a net sale of 227.5 billion won in non-arbitrage trading.

Most sectors declined. The electricity and gas sector dropped 3.41%, followed by entertainment and culture at -3.19%, construction at -3.11%, securities at -2.88%, metals at -2.87%, general services at -2.45%, medical precision at -2.29%, machinery and equipment at -2.04%, electrical and electronics at -2.04%, manufacturing at -1.84%, finance at -1.83%, and transportation equipment at -1.68%. In contrast, the real estate sector showed slight gains.

Most large-cap stocks by market capitalization also declined. Samsung Electronics fell by 1.31%, SK Hynix by 2.19%, LG Energy Solution by 1.38%, Hyundai Motor by 1.86%, Doosan Enerbility by 1.77%, Hanwha Aerospace by 4.85%, KB Financial Group by 1.28%, HD Hyundai Heavy Industries by 0.76%, Kia by 1.7%, NAVER by 1.52%, and Celltrion by 1.03%. On the other hand, Hanwha Ocean rose by 3.09%.

On this day, the number of advancing stocks was 212, while 679 stocks declined, and 36 remained unchanged.

The KOSDAQ index also finished lower. The KOSDAQ closed at 876.81, down 21.36 points (2.38%) from the previous day. By investor type, institutions and foreign investors recorded net sales of 62.1 billion won and 600 million won, respectively, while individual investors were net buyers of 94.9 billion won.

Most large-cap stocks by market capitalization also declined. Alteogen dropped 3.47%, EcoPro BM 4.37%, EcoPro 6.44%, Rainbow Robotics 3.35%, HLB 5.74%, ABL Bio 2.97%, LIG ChemBio 2.81%, Samchundang Pharm 3.29%, PharmaResearch 1.11%, Lino Industrial 4.69%, and Kolon TissueGene 4.01%. In contrast, Peptron surged by 13.49%.

Meanwhile, in the Seoul foreign exchange market, the won/dollar exchange rate is trading at 1,456.7 won, up 7.4 won from the previous day.

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