KOSPI Drops to 7,000 in Early Trading Amid Foreign Sell-Off

KOSDAQ Extends Losses, Falls to 1,030 Level

The KOSPI index started at the 7,300-point level on May 20, but fell to the 7,000-point range in early trading. The KOSDAQ also opened lower and is extending its losses.

As of 9:24 a.m. at the Korea Exchange, the KOSPI index was trading at 7,075.01, down 196.65 points (2.70%) from the previous session.

Yonhap News Agency

The session began at 7,324.52 but turned downward during trading due to foreign investor selling. Foreign investors have been net sellers of 927.5 billion won, while individual investors have purchased a net 348.2 billion won and institutions have bought a net 556.6 billion won.

Most sectors are also declining. This includes textiles & apparel (-3.05%), paper & wood (-1.73%), chemicals (-3.80%), pharmaceuticals (-2.87%), non-metallic minerals (-2.10%), metals (-4.99%), electrical & electronics (-1.99%), and electricity & gas (-4.64%).

Major large-cap stocks are also on a downward trend. Samsung Electronics (-0.7%), SK hynix (-2.9%), SK Square (-1.7%), Hyundai Motor (-5.3%), LG Energy Solution (-3.1%), Samsung Electro-Mechanics (-6.0%), Doosan Enerbility (-5.5%), Hanwha Aerospace (-4.5%), and Samsung Biologics (-3.4%) are all falling. HD Hyundai Heavy Industries is up 1.8%.

At the same time, the KOSDAQ is trading at 1,039.44, down 44.92 points (4.14%) from the previous session. Individual investors are net sellers of 45.2 billion won, while foreign investors have purchased a net 22.2 billion won and institutions have bought a net 27.9 billion won.

Most major large-cap stocks on the KOSDAQ are also declining. Alteogen (-2.8%), Ecopro BM (-2.5%), Ecopro (-3.6%), Rainbow Robotics (-4.8%), Samchundang Pharm (-7.9%), HLB (-4.3%), ABL Bio (-4.6%), and EO Technics (-1.1%) are all down. Jusung Engineering (9.9%) and Leeno Industrial (0.4%) are up.

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