The KOSPI index fell for the fourth consecutive trading day. This is attributed to the uncertainty surrounding the U.S. debt ceiling negotiations and concerns about an economic recession, which dampened investor sentiment, leading to sell-offs by foreigners and institutions.
On the 12th, the KOSPI index closed at 2475.42 points, down 15.58 points (0.63%) from the previous trading day. The index opened at 2487.35, down 3.65 points (0.15%) from the previous close, and then widened its losses. Individual investors alone net bought 359.7 billion KRW, supporting the downside of the index. Foreigners and institutions net sold 248.9 billion KRW and 107.7 billion KRW, respectively.
Most of the top market capitalization stocks in KOSPI declined. SK Hynix (1.04%), Hyundai Motor (0.24%), Naver (1.18%), and POSCO Holdings (0.28%) rose. On the other hand, Samsung Electronics (-0.16%), LG Energy Solution (-1.08%), Samsung Biologics (-0.26%), and LG Chem (-0.43%) fell.
The KOSDAQ index closed at 822.43, down 2.11 points (0.26%) from the previous trading day. The index opened at 824.11, down 0.43 points (0.05%) from the previous close, and briefly turned to an upward trend during the session but weakened in the afternoon. Individual and institutional investors bought 37 billion KRW and 10.7 billion KRW, respectively, while foreigners sold 50.3 billion KRW.
The top market capitalization stocks in KOSDAQ showed mixed movements. EcoPro BM (2.48%), L&F (2.57%), JYP Ent (2.50%), and Kakao Games (0.77%) rose, while EcoPro (-1.09%), Celltrion Healthcare (-0.95%), HLB (-2.10%), and Osstem Implant (-0.11%) declined.
Meanwhile, in the Seoul foreign exchange market, the won/dollar exchange rate closed at 1,334.5 won, up 8.2 won from the previous trading day.
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