KOSPI Falls Below 2500 After 6 Trading Days

Securities company app, stock trading scene. Photo by Hyunmin Kim kimhyun81@

On the 5th, both the KOSPI and KOSDAQ closed lower. Due to institutional selling, the KOSPI fell below the 2500 mark for the first time in six trading days.

The KOSPI closed at 2494.28, down 0.82% (20.67 points) from the previous day. It started the day at 2507.45, down 0.30% (7.50 points), and gradually widened its losses.

Institutions alone sold a net 170.9 billion KRW, pulling the index down. Individuals and foreigners bought net amounts of 146.5 billion KRW and 29.4 billion KRW, respectively. In the futures market, individuals and institutions bought net amounts of 96.6 billion KRW and 61.4 billion KRW, respectively, while foreigners alone sold 159.3 billion KRW.

Among the top 10 stocks by market capitalization, weakness in the semiconductor sector was prominent. Samsung Electronics and SK Hynix fell 1.93% and 3.97%, respectively, compared to the previous day. POSCO Holdings dropped 3.05%, ranking first in decline rate. Samsung Biologics +0.42%, NAVER +1.19%, and Samsung SDI +1.02% closed higher.

The KOSDAQ closed at 813.38, down 1.83% (15.14 points) from the previous day. It started at 823.86, down 0.56% (4.66 points), but fell as it could not withstand the supply and demand pressure. Institutions alone sold a net 146.6 billion KRW, while individuals and foreigners bought net amounts of 61.3 billion KRW and 104.5 billion KRW, respectively.

Among the top 10 stocks by market capitalization, most declined. EcoPro BM -4.49%, EcoPro -1.35%, POSCO DX -4.00%, L&F -2.23%, Alteogen -5.10%, and HPSP -5.29% closed lower.

Lee Jaeman, a researcher at Hana Securities, analyzed, "Due to continuous foreign selling during the session, the index fell below the 2500 level and closed lower. Large-cap stocks led the market decline, with notable drops in semiconductor and secondary battery-related stocks that had previously shown sharp gains."