KOSPI Falls 2% on Foreign and Institutional Selling, Drops Below 3,400 Mark

The KOSPI fell by more than 2%, dropping below the 3,400 mark.

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 this 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 Jo 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 this 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 Jo Yongjun.

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As of 11:00 a.m. on September 26, the KOSPI stood at 3,398.86, down 72.25 points (2.08%) from the previous trading day.


By investor type, foreign investors and institutions recorded net sales of 359.1 billion won and 340.2 billion won, respectively. In contrast, individual investors made net purchases totaling 691.9 billion won.


Most sectors are declining, with the electrical and electronics sector down 3.34%. Medical and precision, metals, and construction sectors have all dropped by more than 2%. Additionally, chemicals, transportation and storage, and machinery and equipment sectors are down by over 1%.


Among large-cap stocks by market capitalization, Samsung Electronics traded at 83,450 won, down 2,650 won (3.08%) from the previous session. SK Hynix is down 4.91%, while LG Energy Solution, HD Hyundai Heavy Industries, and Hanwha Ocean have each fallen by more than 2%. On the other hand, NAVER is up 1.18%.


The KOSDAQ index recorded 838.85, down 13.63 points (1.60%) from the previous trading day.


By investor type, foreign investors and institutions posted net sales of 52.2 billion won and 11.5 billion won, respectively. In contrast, individual investors made net purchases of 66.8 billion won.


By sector, non-metals, electrical and electronics, medical and precision, and metals are all down by more than 2%. Additionally, machinery and equipment, chemicals, and pharmaceuticals have each dropped by over 1%. In contrast, publishing and media, and textiles and apparel are up by more than 1%.


Among large-cap stocks by market capitalization, Alteogen traded at 449,000 won, down 6,000 won (1.32%) from the previous session. Ecopro BM, Ecopro, Samchun Dang Pharm, and Legochem Bioscience are each down by more than 3%. Additionally, Kolon TissueGene and Classys have each dropped by more than 2%. On the other hand, PharmaResearch is up 5.12%.

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