The KOSPI, which started higher, failed to reclaim the 2500 level as it fell due to net selling by foreigners.
On the 16th, the KOSPI closed at 2488.97, down 5.49 points (0.22%) from the previous trading day.
On that day, the index opened at 2511.08, up 0.67% from the previous trading day. It even rose to 2515.62 in early trading. This was interpreted as reflecting expectations for uncertainty resolution following the passage of the impeachment motion against President Yoon Seok-yeol. However, due to continuous net selling by foreigners, the KOSPI turned downward and ended the session lower.
By investor type, foreigners net sold 477.9 billion KRW. In contrast, individuals and institutions net bought 368.7 billion KRW and 2 billion KRW, respectively.
By sector, textiles and apparel fell 2.08%. Metals, insurance, transportation equipment parts, transportation and warehousing, and construction all declined by more than 1%. On the other hand, telecommunications rose 2.05%, and electricity, gas, and pharmaceuticals increased by more than 1%.
Among the top market capitalization stocks, Samsung Electronics closed at 55,600 KRW, down 500 KRW (0.89%) from the previous trading day. Korea Zinc fell 4.82%, and Kia and Hyundai Mobis also dropped more than 2%. Hyundai Motor declined 1.86%. Conversely, SK Hynix rose 2.17%, and Samsung Biologics, Celltrion, and NAVER all increased by more than 1%.
On the day, three stocks including Kolon Mobility Group hit the upper price limit on the KOSPI. Additionally, 491 stocks rose, 398 stocks fell, 51 stocks remained unchanged, and there were no stocks hitting the lower price limit.
The KOSDAQ closed at 698.53, up 4.80 points (0.69%) from the previous trading day.
By investor type, foreigners and institutions net sold 116.8 billion KRW and 77.2 billion KRW, respectively. Meanwhile, individuals net bought 209 billion KRW.
By sector, other manufacturing and distribution rose more than 2%. Pharmaceuticals, transportation equipment parts, metals, medical precision instruments, non-metallic minerals, electrical and electronics, and machinery equipment all increased by more than 1%. Conversely, construction fell 2.37%, and publishing and reproduction of recorded media declined 1.25%.
Among the top market capitalization stocks, Alteogen closed at 315,000 KRW, up 6,500 KRW (2.05%) from the previous trading day. Shinsung Delta Tech rose 13.41%, and Pharma Research and Celltrion Pharm also increased by more than 4%. HLB, Classys, and Lino Industrial rose more than 2%. On the other hand, Rigachem Bio fell 3.26%, and EcoPro BM declined 2.14%.
On the KOSDAQ, nine stocks including Sambo Industry, Union, and Next I hit the upper price limit. Additionally, 1,113 stocks rose, 484 stocks fell, 98 stocks remained unchanged, and there were no stocks hitting the lower price limit.
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