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KOSPI Retreats to 3,920 Level After 2 Trillion Won Foreign Sell-Off

The KOSPI fell by more than 1% to the 3920 level due to net selling by foreign investors exceeding 2 trillion won. In contrast, the KOSDAQ surged nearly 4%, recovering the 910 level.

KOSPI Retreats to 3,920 Level After 2 Trillion Won Foreign Sell-Off On the 28th, the KOSPI closed at 3926.59, down 60.32 points (1.51%) from the previous trading day. Photo by Shinhan Bank.

On the 28th, the KOSPI closed at 3926.59, down 60.32 points (1.51%) from the previous trading day.


By investor type (integrated KRX and NXT), foreign investors recorded net selling of 2.2371 trillion won. In contrast, individual investors and institutions recorded net buying of 1.7792 trillion won and 456.2 billion won, respectively.


By sector, electrical and electronics declined by 2.85%. In addition, distribution, chemicals, transportation equipment and parts, and IT services all fell by more than 1%. On the other hand, medical and precision instruments as well as construction rose by more than 1%.


Among large-cap stocks, Samsung Electronics closed at 105,000 won, down 3,000 won (2.90%) from the previous trading day. LG Energy Solution plunged by 6.85%, and HD Hyundai Heavy Industries also dropped by 3.43%. SK Hynix, Samsung Biologics, Naver, and Samsung C&T all fell by more than 2%. In contrast, KB Financial Group, Kia, and Celltrion posted slight gains.


On the KOSDAQ, 595 stocks rose, including three stocks-Cheonil Express, Ewha Industrial, and one other-that hit the daily upper limit. Meanwhile, 282 stocks declined without any hitting the lower limit, and 51 stocks remained unchanged.


The KOSDAQ closed at 912.67, up 32.61 points (3.71%) from the previous trading day.


By investor type, foreign investors and institutions recorded net buying of 588.1 billion won and 621.3 billion won, respectively. In contrast, individual investors recorded net selling of 1.1393 trillion won.


Most sectors rose. Pharmaceuticals jumped by 6.32%, and medical/precision instruments and machinery/equipment surged by more than 4%. Chemicals and distribution also climbed by more than 3%. In addition, finance, electrical and electronics, and publishing/media replication all rose by more than 2%, while transportation equipment and parts, paper and wood, food and beverages/tobacco, and textiles and apparel increased by more than 1%.


Among the top market cap stocks, Alteogen closed at 533,000 won, up 12,000 won (2.30%) from the previous trading day. Kolon TissueGene and Caregen both soared by more than 20%. Rainbow Robotics and Peptron also jumped by more than 10%. In addition, ABL Bio surged by 7.55%, while LegoChem Biosciences and PharmaResearch climbed by more than 6%.


On the KOSDAQ, 1,366 stocks rose, including three stocks-Woorim PTS, T&R Biofab, and one other-that hit the daily upper limit. Meanwhile, 280 stocks declined without any hitting the lower limit, and 91 stocks remained unchanged.


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