The KOSPI is falling more than 1% due to simultaneous net selling by foreigners and institutions.
On the 16th, the KOSPI recorded 2,631.13, down 39.30 points (1.47%) from the previous trading day.
On this day, the index widened its decline due to simultaneous net selling by foreigners and institutions that started early in the session. This decline is interpreted as being due to the drop in the U.S. stock market.
On the 15th (local time), the U.S. stock market fell due to Middle East risks despite favorable economic indicators. On the New York Stock Exchange (NYSE), the blue-chip-focused Dow Jones Industrial Average closed at 37,735.11, down 248.13 points (0.65%) from the previous trading day. The large-cap-focused S&P 500 fell 61.59 points (1.2%) to 5,061.82, and the tech-heavy Nasdaq closed down 290.08 points (1.79%) at 15,885.02.
By investor type, foreigners and institutions net sold 106.9 billion KRW and 160 billion KRW, respectively. Meanwhile, individuals net bought 260.2 billion KRW.
By sector, insurance fell 2.25%, while precision medical instruments and electrical & electronics also dropped more than 2%. Manufacturing, transportation & warehousing, machinery, distribution, chemicals, transportation equipment, and construction also declined more than 1%. On the other hand, food & beverages and telecommunications rose slightly.
Most of the top market capitalization stocks are falling. Samsung Electronics traded at 85,000 KRW, down 1,700 KRW (2.07%) from the previous trading day. SK Hynix, Hyundai Motor, POSCO Holdings, LG Chem, KB Financial, and Hyundai Mobis all fell more than 2%, while LG Energy Solution, NAVER, Samsung SDI, and Samsung C&T fell more than 1%.
The KOSDAQ recorded 845.79, down 6.63 points (0.78%) from the previous trading day.
By investor type, foreigners net sold 103.3 billion KRW, and institutions also sold 5.3 billion KRW. Meanwhile, individuals net bought 120.2 billion KRW.
By sector, computer services fell 1.97%, and non-metal, semiconductors, machinery equipment, metals, pharmaceuticals, other manufacturing, general electrical & electronics, internet, and telecommunications equipment all declined more than 1%. On the other hand, information devices and paper & wood rose slightly.
Among the top market cap stocks, EcoPro BM traded at 223,500 KRW, down 4,500 KRW (1.97%) from the previous trading day. EO Technics fell 3.27%, and HLB, Rino Industrial, and Rainbow Robotics all dropped more than 2%. On the other hand, Shinseong Delta Tech rose 2.69%, and Enchem and HPSP rose more than 1%.
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