KOSPI Rebounds After Early Plunge, Recovers 7,500 Mark

On May 18, the KOSPI plunged in the early session, threatening to fall below the 7,100 mark, but later rebounded and recovered the 7,500 level.

On the 18th, the KOSPI is displayed on the status board of Hana Bank dealing room in Jung-gu, Seoul. Photo by Yonhap News

On May 18, the KOSPI opened at 7,443.29, down 0.67% from the previous trading day. At 9:19:22 a.m., a five-minute suspension was triggered on program sell orders due to volatility in the KOSPI 200 futures index. At the time the suspension was triggered, the KOSPI 200 futures index was at 1,112.46, down 60.24 points (5.13%) from the previous day's closing price.

As of 1:35 p.m., the KOSPI was trading at 7,507.56, up 0.17%. Individual investors and institutions had net purchases of 2.2268 trillion won and 825.9 billion won, respectively, while foreign investors had net sales of 3.0924 trillion won.

By industry, construction (4.05%), machinery and equipment (-4.02%), entertainment and culture (-3.79%), IT services (-3.55%), and transportation equipment and parts (-3.42%) declined.

Among large-cap stocks, Samsung Electronics rose by 4.07% and SK hynix by 0.77%, while SK Square (-1.64%), Hyundai Motor (-5.00%), and LG Energy Solution (-3.36%) declined.

At the same time, the KOSDAQ index was trading at 1,107.18, down 2.00%. Individual investors and foreign investors had net purchases of 34.5 billion won and 100.0 billion won, respectively, while institutions had net sales of 161.5 billion won.

By industry, general services (-6.03%), pharmaceuticals (-5.72%), entertainment and culture (-4.27%), non-metallics (-2.95%), and medical and precision devices (-2.28%) declined.

Among the top KOSDAQ stocks by market capitalization, Alteogen (-3.12%), Ecopro (-1.70%), Rainbow Robotics (-7.53%), and Kolon TissueGene (-2.42%) declined.

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