The KOSPI index fell below the 2500 mark, pressured by foreign selling.
On the 24th, the KOSPI index closed at 2496.63, down 18.33 points (0.73%) from the previous day. Trading volume was 352.2 million shares, and the trading value was tentatively estimated at 6.3794 trillion won.
By investor type, institutions and individuals were net buyers of 42 billion won and 151.7 billion won respectively, while foreigners were net sellers of 223.7 billion won, weighing down the index. Program trading saw net buying of 6.9 billion won in arbitrage trading and net selling of 119.5 billion won in non-arbitrage trading.
The KOSPI index, which started the day in a slightly firm zone, turned downward as foreign selling poured in amid expanded caution related to the New York stock market holiday and Black Friday consumption recovery. Notably, weakness was prominent in large-cap secondary battery and semiconductor stocks. The foreign selling also appeared to widen the depreciation of the Korean won.
By sector, medical precision rose 4.74%, machinery 1.7%, paper and wood 0.99%, electric and gas utilities 0.41%, and non-metallic minerals 0.37%. Conversely, transportation and warehousing fell 2.05%, pharmaceuticals -1.71%, transportation equipment -1.38%, electrical and electronics -1.05%, and manufacturing -0.85% recorded weakness.
Most of the top market capitalization stocks declined. Samsung Electronics dropped 0.97%, LG Energy Solution -1.34%, SK Hynix -1.61%, Samsung Biologics -1.66%, POSCO Holdings -0.53%, Hyundai Motor -0.43%, and LG Chem -0.96%. NAVER remained flat.
The KOSDAQ index also closed slightly lower. On the day, the KOSDAQ index ended at 815.0, down 0.98 points (0.12%) from the previous day. By investor type, institutions and foreigners were net sellers of 75.5 billion won and 5.3 billion won respectively, while individuals were net buyers of 84.2 billion won.
Among the top market capitalization stocks, EcoPro BM and EcoPro fell 0.21% and 1.14% respectively, while Celltrion Healthcare -3.4%, L&F -1.16%, JYP Ent. -1.12%, and Celltrion Pharm -4.99% declined. On the other hand, POSCO DX rose 1.06%, HLB 0.16%, and Alteogen 1.37% also increased.
Meanwhile, in the Seoul foreign exchange market, the won/dollar exchange rate closed at 1306.4 won, up 8.9 won from the previous day.
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