KOSPI Falls to 2550 Level Amid Foreign and Institutional Selling... KOSDAQ Also Declines

On the 7th, the KOSPI index is showing weakness. The KOSDAQ is also falling.

Due to the impact of Donald Trump's election as U.S. President, the won-dollar exchange rate, which surpassed 1,400 won the previous day, fluctuated around the 1,400 won mark on the 7th as well. The KOSPI and KOSDAQ started slightly lower. Various indices are displayed on the electronic board in the Hana Bank dealing room in Euljiro, Seoul. The yen and yuan exchange rates (top right of the electronic board) fell slightly. Photo by Heo Young-han

According to the Korea Exchange on the 7th, the KOSPI index is down 13.34 points (-0.52%) from the previous trading day, standing at 2550.17. The index opened at 2557.23, down 6.28 points (0.24%) from the previous close.

Foreign investors and institutions are net sellers of 24.5 billion KRW and 221.2 billion KRW respectively, while individual investors are net buyers of 248.9 billion KRW.

Most of the top market capitalization stocks are falling except for Samsung Electronics (0.70%) and Shinhan Financial Group (0.18%). Samsung Biologics (-4.48%), Celltrion (-3.35%), LG Energy Solution (-1.79%), and SK Hynix (-0.92%) are on a downward trend. Hyundai Motor (-0.97%) and Kia (-2.21%), classified as beneficiaries of value-up, are also declining.

At the same time, the KOSDAQ index is recording 734.41, down 8.90 points (-1.20%) from the previous trading day. Individual investors are net buyers of 101.5 billion KRW, but foreign investors and institutions are selling 56.2 billion KRW and 42.3 billion KRW respectively.

Top market capitalization stocks are all falling. Secondary battery stocks such as EcoPro BM (-2.45%) and EcoPro (-2.25%) continue their decline from the previous day, while HLB (-4.74%), Alteogen (-3.32%), Rigachem Bio (-6.30%), Enchem (-6.86%), and Samchundang Pharm (-4.02%) are dropping sharply.