KOSPI Falls Below 2500 Intraday Amid Dual Selling by Institutions and Foreigners

First Drop Below 2500 Since January 8
Foreigners and Institutions Net Sellers, Individuals Net Buyers
KOSPI Also Hit by Last Week's Sharp U.S. Market Decline

The KOSPI fell below the 2500 mark during the session. It is the first time in three trading days that it has dropped below 2500.

Yonhap News

As of 9:49 a.m. on the 13th, the KOSPI was trading at 2496.99, down 18.79 points (0.75%) from the previous trading day. The KOSPI opened at 2508.15, down 7.63 points (0.30%) from the previous day, and after hitting a high of 2513.93 early in the session, it has been gradually declining. It is the first time since the 8th that the index has fallen below 2500 during the session.

By investor type, foreigners are net sellers of 168.6 billion KRW, and institutions are net sellers of 91.6 billion KRW. Individuals are the only buyers, purchasing 246.6 billion KRW.

By sector, paper and wood is up 1.11%, pharmaceuticals 0.64%, and food, beverage, and tobacco 0.21%, while all other sectors are declining. On the other hand, transportation parts (-2.01%), medical precision (-1.53%), construction (-1.43%), and electrical and electronics (-1.12%) are recording declines exceeding 1%.

283 stocks are rising, 578 stocks are falling, and 74 stocks are unchanged. Among the top 10 stocks by market capitalization, all are down except Samsung Biologics (1.50%) and KB Financial (1.37%). Hyundai Motor (-2.43%) and SK Hynix (-1.97%) are recording declines close to 2%.

The U.S. stock market closed lower across the board on the last trading day of the previous week. Higher-than-expected employment data dampened hopes for interest rate cuts, casting a chill over the market. If the inflation data to be released this week also exceeds expectations, pessimism about interest rate cuts is expected to spread further.

The KOSDAQ index traded at 716.34, down 1.55 points (0.22%) from the previous day.

By investor type, foreigners are net sellers of 15.1 billion KRW, and institutions are net sellers of 2.9 billion KRW. Individuals are net buyers of 24.1 billion KRW.

524 stocks are rising, 1,063 stocks are falling, and 106 stocks are unchanged. The top 10 stocks by market capitalization show mixed trends. Ecopro BM (1.08%), Rainbow Robotics (1.09%), Hugel (2.69%), and Enchem (3.02%) are rising, but Alteogen (-1.94%), HLB (-1.12%), Rigacembio (-2.14%), and Samchundang Pharm (-0.19%)?representative KOSDAQ biotech stocks?are all showing declines.