KOSPI and KOSDAQ See Widening Declines in the Afternoon

[Asia Economy Reporter Eunmo Koo] In the afternoon, the decline in the KOSPI and KOSDAQ indices is widening.

On the 30th, the KOSPI, which started the day lower, extended its decline for the second consecutive day as institutional and foreign investors sold off, widening the drop by more than 1% in the afternoon. As of 1:30 PM, it recorded 2302.87, down 23.80 points (1.02%) from the previous trading day.

By trading entity, institutional and foreign investors are net sellers of 405 billion KRW and 374.9 billion KRW, respectively. On the other hand, individual investors are net buyers of 759.5 billion KRW.

Among the top market capitalization stocks, Samsung SDI, Samsung C&T, and Samsung Biologics are rising, while Hyundai Mobis, LG Chem, Kia Motors, Celltrion, Kakao, and Hyundai Motor are falling.

The KOSDAQ index is also declining, threatening the 800-point level. The KOSDAQ index started the day higher but soon turned downward, with the decline widening by more than 1% in the afternoon. As of 1:30 PM, it is at 806.46, down 7.47 points (0.92%) from the previous trading day.

By trading entity, similar to the KOSPI, foreign and institutional investors are net sellers of 213.9 billion KRW and 86.2 billion KRW, respectively. Meanwhile, individual investors are net buyers of 316.9 billion KRW.

Among the top market capitalization stocks, Genexine, Alteogen, SK Materials, Celltrion Healthcare, CJ ENM, and Celltrion Pharm are falling, while Kakao Games, Hugel, and EcoPro BM are rising.