The KOSPI fell by more than 2% to the 4,060 level due to simultaneous net selling by foreign investors and institutions.
As the KOSPI opened with a plunge of more than 2% during the session, the status board in the dealing room of Hana Bank in Jung-gu, Seoul, displayed the KOSPI, won/dollar exchange rate, and KOSDAQ index on the 14th. On that day, the KOSPI started the session at 4061.91, down 2.61% from the previous close, the won/dollar exchange rate rose by 4.2 won to 1471.9 won, and the KOSDAQ opened at 900.422025, down 7.95 points (1.95%). Photo by Cho Yongjun
As of 10:09 a.m. on November 14, the KOSPI was down 105.36 points (2.53%) from the previous trading day, standing at 4,065.27.
The decline in the KOSPI on this day is attributed to the impact of the New York stock market. On November 13 (local time), the Dow Jones Industrial Average closed at 47,457.22, down 797.6 points (1.65%) from the previous session. The S&P 500 also dropped 113.43 points (1.66%) to 6,737.49, and the Nasdaq plummeted 536.102 points (2.29%) to close at 22,870.355.
U.S. President Donald Trump signed a temporary budget bill, ending the government shutdown after a record 43 days. However, negative sentiment was fueled by Federal Reserve officials expressing skepticism regarding the possibility of an additional interest rate cut in December.
By investor type, foreign investors and institutions recorded net sales of 932.8 billion won and 254.3 billion won, respectively. In contrast, individual investors recorded a net purchase of 1.1559 trillion won.
By sector, the electrical and electronics sector is plunging by 4.24%. The machinery and equipment sector is also down 3.03%, while securities and insurance are both falling by more than 2%. In contrast, the pharmaceutical sector is up 1.30%.
Among large-cap stocks, Samsung Electronics was trading at 98,800 won, down 4,000 won (3.89%) from the previous session. SK Square and SK Hynix also fell by 8.50% and 5.88%, respectively. Doosan Enerbility and NAVER both dropped by more than 3%, while Hyundai Motor, KB Financial Group, and HD Hyundai Heavy Industries all declined by more than 1%. On the other hand, Hanwha Aerospace and Celltrion rose by more than 2%.
The KOSDAQ was down 11.40 points (1.24%) from the previous session, standing at 906.97.
By investor type, foreign investors and institutions recorded net sales of 84.8 billion won and 36.3 billion won, respectively. In contrast, individual investors recorded a net purchase of 142.5 billion won.
By sector, non-metallic minerals and machinery & equipment are both down by more than 3%. Electrical and electronics, as well as construction, are both falling by more than 2%, while telecommunications, chemicals, and metals are all down by more than 1%.
Among large-cap stocks, Alteogen is up 2,000 won (0.36%) from the previous session. Pharmaresearch and Lino Industrial are both rising by more than 3%, and Kolon TissueGene is also up by 2.91%. In contrast, ABL Bio is down 3.55%, while Ecopro BM and Rainbow Robotics are both falling by more than 2%.
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