KOSPI Falls 3% to 2480 Amid Foreigners' 'Exodus'...
by Jang Hyowon
Published 31 Mar.2025 15:59(KST)
Updated 31 Mar.2025 16:36(KST)
The KOSPI index closed down over 3% due to heavy selling pressure from foreign investors.
On the 31st, the KOSPI index closed at 2,481.12, down 76.86 points (3.0%) from the previous day. Trading volume was 385.51 million shares, and the trading value was tentatively estimated at 8.0557 trillion KRW.
Last Friday, the New York stock market fell amid concerns over the realization of stagflation in the U.S. The domestic market opened lower due to the resumption of short selling and the weak performance of the New York stock market. Subsequently, foreign investors exerted downward pressure on the index with net sales exceeding 1 trillion KRW.
By investor type, institutions and individuals net bought 667.2 billion KRW and 789.4 billion KRW respectively, while foreign investors net sold 1.5772 trillion KRW. In the futures market, foreign investors also net sold 995.4 billion KRW. Program trading saw net buying of 11.9 billion KRW in arbitrage trading and net selling of 1.0912 trillion KRW in non-arbitrage trading.
Most sectors declined. The electrical and electronics sector fell 4.35%, chemicals -4.19%, medical precision -3.9%, machinery equipment -3.88%, pharmaceuticals -3.59%, manufacturing -3.54%, securities -2.56%, distribution -2.49%, non-metallic minerals -2.38%, general services -2.25%, metals -2.0%, paper and wood -1.99%, entertainment and culture -1.86%, transportation equipment -1.67%, and finance -1.55% showed weakness.
Most of the top market capitalization stocks also declined. Samsung Electronics dropped 3.99%, SK Hynix -4.32%, LG Energy Solution -6.04%, Samsung Biologics -3.34%, Hyundai Motor -3.8%, Kia -3.15%, Celltrion -4.57%, NAVER -1.9%, Hanwha Aerospace -0.48%, HD Hyundai Heavy Industries -0.36%, and Hyundai Mobis -2.62%. Meanwhile, KB Financial showed a slight gain of 0.38%.
The number of rising stocks was 88, declining stocks numbered 826, and 26 stocks remained unchanged. Two stocks hit the upper price limit.
The KOSDAQ index also closed down over 3% pressured by foreign selling. The KOSDAQ index closed at 672.85, down 20.91 points (3.01%) from the previous day. By investor type, institutions and individuals net bought 147.7 billion KRW and 63.7 billion KRW respectively, while foreign investors net sold 216 billion KRW.
Most of the top market capitalization stocks declined. EcoPro BM fell 7.05%, HLB -3.67%, EcoPro -12.59%, Rainbow Robotics -1.31%, Samchundang Pharm -2.37%, Classys -3.26%, Kolon TissueGene -7.26%, PharmaResearch -1.63%, and Lino Industrial -3.54%. Meanwhile, Alteogen rose 0.99%, and Rigakem Bio closed slightly higher with a 0.85% gain.
Meanwhile, in the Seoul foreign exchange market, the won/dollar exchange rate is trading at 1,472.3 KRW, up 2.4 KRW from the previous day.
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