KOSPI Slips to 4,050 Level on Net Selling by Foreign Investors and Institutions

The KOSPI fell to the 4,050 level as both foreign investors and institutions engaged in net selling.

Yonhap News Agency

As of 9:57 a.m. on December 16, the KOSPI stood at 4,050.86, down 39.73 points (0.97%) from the previous trading day.

The index opened at 4,093.32, up 0.07% from the previous session, but turned downward as both foreign investors and institutions shifted to net selling.

By investor type, foreign investors and institutions recorded net sales of 183.4 billion won and 276.7 billion won, respectively. In contrast, individual investors made net purchases totaling 475.4 billion won.

Most sectors are declining. Medical and precision instruments, machinery and equipment, and IT services are down more than 1%. On the other hand, electricity and gas, securities, pharmaceuticals, and telecommunications are showing slight gains.

Among large-cap stocks, Samsung Electronics was trading at 104,500 won, down 300 won (0.29%) from the previous session. LG Energy Solution, HD Hyundai Heavy Industries, and Hanwha Aerospace fell by more than 3%, while SK Hynix, Hyundai Motor, Doosan Enerbility, Samsung C&T, and SK Square dropped by more than 1%. In contrast, Samsung Biologics is up 1.19%.

The KOSDAQ stood at 924.14, down 14.69 points (1.56%) from the previous session.

By investor type, foreign investors and institutions recorded net sales of 292.2 billion won and 67.3 billion won, respectively. In contrast, individual investors made net purchases of 398.9 billion won.

By sector, non-metals are down 3.58%, and electrical and electronics, as well as machinery and equipment, have fallen by more than 2%. Metals, transportation equipment and parts, chemicals, and transportation and storage are also down by more than 1%.

Among leading KOSDAQ stocks, Alteogen was trading at 429,000 won, down 1.61% from the previous session. Roboticis and Ecopro dropped by more than 5%, while Ecopro BM and Rainbow Robotics plunged by more than 4%. Additionally, Lino Industrial, Aimed Bio, and ABL Bio are down by more than 3%. In contrast, D&D Pharmatech and Peptron are up 4.05% and 1.30%, respectively.