KOSPI Falls Over 1.6% Amid Joint Selling by Institutions and Foreigners, Drops Below '3100' Level

[Image source=Yonhap News]

[Asia Economy Reporter Park Jihwan] On the 15th, the KOSPI fell by more than 1.6%, trading below the 3100 level. Although individual investors showed a net buying trend exceeding 1.6 trillion won, it could not overcome the combined selling pressure from institutions and foreigners.

According to the Korea Exchange, as of 1:22 PM, the KOSPI was trading at 3097.43, down 52.50 points (-1.67%) from the previous trading day. The index opened at 3153.84, up 0.12% from the previous close, showing a bullish trend. It once surged to the 3189 level but turned downward and widened the decline, falling to around 3095.

By investor type, individuals were net buyers of 1.6261 trillion won. On the other hand, institutions and foreigners were net sellers of 991.3 billion won and 649.9 billion won, respectively.

Among the top 10 stocks by market capitalization, all showed a downward trend. Celltrion showed the largest drop, falling more than 5%. Top market cap stocks such as Samsung Electronics (-1.67%), SK Hynix (-2.68%), and LG Chem (-2.87%) also showed weakness.

At the same time, the KOSDAQ recorded 966.96, down 13.33 points (1.36%) from the previous close. On the KOSDAQ, individuals alone bought 227.7 billion won worth of stocks, defending the index. Meanwhile, institutions and foreigners showed selling pressure of 94.8 billion won and 117.8 billion won, respectively.

Among the top 10 KOSDAQ stocks by market capitalization, all except Pearl Abyss (0.15%) and SK Materials (0.56%) were down. In particular, Celltrion Healthcare (-7.44%) and Celltrion Pharm (-8.21%) showed notable declines. Additionally, HLB (-1.60%) and Seegene (-3.73%) also showed weakness.