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KOSPI Falls to 2460 Level Amid Net Selling by Foreigners and Institutions

The KOSPI is falling due to simultaneous net selling by foreigners and institutions.

KOSPI Falls to 2460 Level Amid Net Selling by Foreigners and Institutions Yonhap News

As of 9:57 a.m. on the 16th, the KOSPI recorded 2,465.69, down 11.72 points (0.47%) from the previous trading day.


On this day, the index opened at 2,472.78, down 0.19% from the previous trading day, and is widening its decline amid net selling by foreigners and institutions.


By investor type, foreigners and institutions net sold 165.9 billion KRW and 2.4 billion KRW, respectively. Meanwhile, individuals net bought 153.2 billion KRW.


By sector, electric and electronics fell 1.72%, while medical and precision instruments and paper and wood also dropped more than 1%. On the other hand, telecommunications and food and tobacco rose more than 2%. Additionally, entertainment and culture are up 1.73%.


Among the top market capitalization stocks, Samsung Electronics traded at 55,300 KRW, down 1,300 KRW (2.30%) from the previous trading day. SK Hynix is down 2.71%, and Hyundai Motor is also down 1.34%. Conversely, LG Energy Solution, KB Financial, and NAVER are up more than 1%.


The KOSDAQ recorded 709.04, down 2.88 points (0.40%) from the previous trading day.


By investor type, foreigners and institutions net sold 81.9 billion KRW and 25.8 billion KRW, respectively. Meanwhile, individuals net bought 116.8 billion KRW.


By sector, non-metal machinery and equipment are down more than 1%. Conversely, other manufacturing is up 2.10%, and medical precision is also up 1.44%.


Among the top market capitalization stocks, Alteogen traded at 375,000 KRW, down 5,000 KRW (1.32%) from the previous trading day. Samchundang Pharmaceutical is down 2.69%, and Kolon TissueGene and EcoPro are down more than 1%. Conversely, Classys is up 2.12%.


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