KOSPI Falls Below 3,200... KOSDAQ Also Down Nearly 3%

On August 1, the domestic stock market opened with a broad decline in early trading.

As of 9:30 a.m. on this day, the KOSPI was trading at 3,179.99, down 65.49 points (2.02%) from the previous session. The index started at 3,210.32, a decrease of 35.12 points (1.08%) from the previous close, and has continued to widen its losses. While foreign investors and institutions have sold 220 billion KRW and 317.8 billion KRW worth of shares, respectively, individual investors have made net purchases amounting to 528.4 billion KRW.

Yonhap News Agency

Most of the large-cap stocks by market capitalization are showing weakness. Hanwha Aerospace (-5.42%), SK Hynix (-4.20%), Doosan Enerbility (-3.96%), HD Hyundai Heavy Industries (-3.77%), Naver (-2.55%), Celltrion (-2.46%), and KB Financial Group (-2.34%) are all declining. In contrast, Kia (1.56%), Hyundai Motor (0.82%), and Hanwha Ocean (0.71%) are on the rise.

At the same time, the KOSDAQ was trading at 785.77, down 19.47 points (2.42%). Earlier, the index opened at 796.24, down 9.00 points (1.12%). Individual investors have purchased 72.3 billion KRW, while foreign investors and institutions have recorded net sales of 43.3 billion KRW and 26.7 billion KRW, respectively.

Most of the top KOSDAQ stocks are also in decline. Alteogen (-4.41%), Hugel (-4.15%), PharmaResearch (-4.13%), Classys (-3.81%), Rainbow Robotics (-3.79%), Silicontwo (-3.77%), ABL Bio (-3.52%), Samchundang Pharm (-3.44%), and Peptron (-3.41%) are all weak. On the other hand, Ecopro BM (0.09%) and Ecopro (0.00%) are fluctuating within a narrow range.

By sector, most are in decline except for healthcare technology (2.36%) and automobiles (0.67%). In particular, the weakness is pronounced in other financials (-12.68%), aerospace and defense (-4.87%), oil and gas (-4.03%), biotechnology (-3.97%), and machinery (-3.93%).