KOSPI Falls Below 2100 During Trading... Samsung Electronics Drops Over 3%

[Asia Economy Reporter Minji Lee] The KOSPI fell below the 2100 mark during the session due to foreign selling pressure. The KOSDAQ index is also recording a decline of over 2%.

On the 24th, when the KOSPI index started lower due to fears of the spread of COVID-19, dealers were busy working at Hana Bank in Euljiro, Seoul. Photo by Moon Honam munonam@

At 11:02 a.m. on the 24th, the KOSPI was trading at 2,098.99, down 63.85 points (2.95%) from the previous session. During the day, the KOSPI dropped as low as 2,095.66, showing a decline of more than 3%.

In the current securities market, foreigners sold stocks worth 401 billion KRW, while individuals and foreigners bought stocks worth 195.2 billion KRW and 195.3 billion KRW respectively.

Among the top market capitalization stocks, Samsung Electronics is trading at 57,400 KRW, down 3.04% from the previous session. SK Hynix is also trading at 99,000 KRW, down 3.01%. Samsung Biologics (-3.80%), Naver (-2.11%), LG Chem (-2.83%), Hyundai Motor (-3.52%), and Celltrion (-2.26%) are also on a downward trend.

At the same time, the KOSDAQ index is pointing to 648.85, down 19.14 points (2.87%) from the previous session.

In the market, foreigners are buying stocks worth 55.2 billion KRW, while individuals and institutions are selling stocks worth 31.8 billion KRW and 11.5 billion KRW respectively.

Among the top market capitalization stocks, Celltrion Healthcare (-0.31%), HL Biopharma (-5.67%), CJ ENM (-3.19%), Pearl Abyss (-1.93%), Studio Dragon (-2.11%), and KMH (-5.11%) are showing declines.