KOSPI Drops 1.8% on Foreign and Institutional Selling... 3,400 Mark "at Risk"

The KOSPI is facing pressure on the 3,400 mark, dropping nearly 2% due to simultaneous net selling by foreign investors and institutions.

On the 26th, the KOSPI fell nearly 2%, and the won/dollar exchange rate rose by more than 10 won. The KOSPI, won/dollar exchange rate, and other indicators were displayed on the monitor in the dealing room of Hana Bank in Jung-gu, Seoul. On that day, the KOSPI opened at 3,440.39, down 0.89% from the previous session, the KOSDAQ index fell 0.56% to 847.67, and the won/dollar exchange rate started at 1,409.0 won, up 8.4 won. Photo by Cho Yongjun.

On the 26th, the KOSPI fell nearly 2%, and the won/dollar exchange rate rose by more than 10 won. The KOSPI, won/dollar exchange rate, and other indicators were displayed on the monitor in the dealing room of Hana Bank in Jung-gu, Seoul. On that day, the KOSPI opened at 3,440.39, down 0.89% from the previous session, the KOSDAQ index fell 0.56% to 847.67, and the won/dollar exchange rate started at 1,409.0 won, up 8.4 won. Photo by Cho Yongjun.

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As of 9:37 a.m. on September 26, the KOSPI stood at 3,408.36, down 62.75 points (1.81%) from the previous trading day.


By investor type, foreign investors and institutions recorded net sales of 252.6 billion won and 141.3 billion won, respectively. In contrast, individual investors made net purchases totaling 402.4 billion won.


Most sectors are declining. The electrical and electronics sector is down 3.08%, while medical and precision, machinery and equipment, and construction are each falling by 2%. Additionally, metals and chemicals are down by more than 1%.


Among the top stocks by market capitalization, Samsung Electronics dropped 2,200 won (2.56%) to 83,900 won compared to the previous session. SK Hynix is down 4.42%, and LG Energy Solution, Doosan Enerbility, and Hanwha Ocean are each falling by more than 2%. HD Hyundai Heavy Industries, Hyundai Motor, and KB Financial Group are also down by more than 1%. On the other hand, Celltrion is up 1.07%.


The KOSDAQ fell 13.57 points (1.59%) to 838.91 compared to the previous session.


By investor type, foreign investors and institutions posted net sales of 29.3 billion won and 8.8 billion won, respectively. In contrast, individual investors recorded net purchases of 40.2 billion won.


Most sectors are declining. Non-metals are down 2.65%, while electrical and electronics, metals, chemicals, and medical and precision are each falling by more than 1%. In contrast, textiles and apparel are up 1.66%.


Among the top stocks by market capitalization, Alteogen traded at 453,000 won, down 2,000 won (0.44%) from the previous session. Ecopro BM, Kolon TissueGene, and Samchundang Pharm are each down by 3%, while PharmaResearch, LIG ChemBio, and HLB are all falling by more than 2%.

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