On the 9th, as the won/dollar exchange rate surged sharply, reaching its highest level since the financial crisis during trading hours, the status board in the dealing room at the Hana Bank headquarters in Jung-gu, Seoul displayed the KOSPI and won/dollar exchange rate. On that day, the KOSPI opened at 2,329.99, down 4.24 points (0.18%) from the previous session, while the won/dollar exchange rate started at 1,484.0 won, up 10.8 won. 2025.4.9 Photo by Jo Yong-jun
The KOSPI index fell below the 2300 mark due to concerns over mutual tariffs in the United States.
On the 9th, the KOSPI index closed at 2293.7, down 40.53 points (1.74%) from the previous day. The trading volume for the day was 692.54 million shares, with a trading value tentatively estimated at 9.1663 trillion won.
The KOSPI index started lower following the sharp decline in the New York stock market the previous day amid concerns over U.S. mutual tariffs. Foreign investors continued their net selling for the ninth consecutive trading day, weighing down the index. It is the first time in 1 year and 5 months since November 1, 2023, that the KOSPI index fell below the 2300 level.
By investor type, institutions and foreign investors net sold 70.4 billion won and 1.045 trillion won respectively, while individuals net bought 939.5 billion won. In the futures market, institutions and individuals net bought 503.3 billion won and 94.9 billion won respectively, whereas foreign investors net sold 593.1 billion won. Program trading saw net selling of 54.2 billion won in arbitrage trading and 903 billion won in non-arbitrage trading.
Most sectors declined. The paper and wood sector dropped 4.85%, entertainment and culture -4.45%, medical precision -3.73%, insurance -3.14%, chemicals -3.02%, pharmaceuticals -2.64%, IT services -2.48%, machinery and equipment -2.46%, food, beverages and tobacco -2.36%, textiles and apparel -2.36%, non-metallic minerals -2.22%, general services -2.15%, finance -1.8%, manufacturing -1.73%, and electrical and electronics -1.6%. In contrast, the electric and gas sector rose 0.6%.
Most of the top market capitalization stocks also declined. Samsung Electronics fell 0.93%, SK Hynix -2.65%, LG Energy Solution -1.26%, Samsung Biologics -1.2%, Hyundai Motor -0.67%, Kia -0.59%, Celltrion -5.27%, Hanwha Aerospace -1.0%, NAVER -1.5%, HD Hyundai Heavy Industries -0.34%, and Shinhan Financial Group -0.57%. Meanwhile, KB Financial showed strength, rising 0.57%.
There were 145 stocks that rose, 762 that fell, and 30 that remained unchanged. Two stocks hit the upper price limit.
The KOSDAQ index also fell more than 2% pressured by foreign investors' net selling. The KOSDAQ index closed at 643.39, down 15.06 points (2.29%) from the previous day. By investor type, institutions and individuals net bought 19.3 billion won and 83.6 billion won respectively, while foreign investors net sold 593.1 billion won.
Among the top market capitalization stocks, more declined than rose. Alteogen fell 3.61%, EcoPro BM -0.11%, HLB -5.56%, EcoPro -3.73%, Hugel -5.21%, Classys -4.14%, Samchundang Pharmaceuticals -12.23%, Ligand Chem Bio -1.06%, and Lino Industrial -2.05% closed weaker. On the other hand, Rainbow Robotics rose 0.62%, Kolon TissueGene 1.81%, Pharma Research 0.31%, and Peptron 1.88% also increased.
Meanwhile, in the Seoul foreign exchange market, the won-dollar exchange rate is trading at 1,483.6 won, up 4.6 won from the previous day.
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