KOSPI Drops Over 3% Intraday as Foreigners' Net Selling Surpasses 1 Trillion Won
On the 31st, when the KOSPI index fell below the 2500 mark amid the resumption of short selling after a 17-month full ban since November 2023, dealers were working in the dealing room at the Hana Bank headquarters in Jung-gu, Seoul. 2025.3.31. Photo by Kang Jin-hyung
View original imageThe KOSPI index is showing a decline of over 3% during the session, pressured by net selling from foreign investors.
As of 1:30 PM on the 31st, the KOSPI index is trading at 2480.51, down 3.03% from the previous day. During the session, the 2480 level was breached.
By investor type, foreign investors are weighing down the index with net sales of 1.0878 trillion KRW. This is interpreted as a reaction to concerns about stagflation originating from the U.S. Foreign investors are also net sellers in the futures market, with net sales of 1.1789 trillion KRW. In contrast, institutions and individuals are net buyers, purchasing 287.8 billion KRW and 717.6 billion KRW respectively.
By sector, most sectors are in decline. The medical precision sector is down about 4.5%, while electrical and electronics, chemicals, and machinery equipment sectors are down around 4%. Manufacturing, pharmaceuticals, distribution, securities, non-metal, paper and wood, and metals sectors are showing weakness in the 2-3% range.
Top market capitalization stocks are also experiencing significant declines. Samsung Electronics is down 3.99%, SK Hynix -3.96%, LG Energy Solution -7.58%, Samsung Biologics -2.86%, Hyundai Motor -3.85%, Kia -3.41%, and Celltrion -4.01%. On the other hand, KB Financial, Hanwha Aerospace, and HD Hyundai Heavy Industries are showing slight gains.
The KOSDAQ index is also falling over 3%, pressured by net selling from foreign investors. The KOSDAQ index is trading at 671.99, down 3.14% from the previous day. By investor type, foreign investors are net sellers with 192.1 billion KRW, while institutions and individuals are net buyers with 92.2 billion KRW and 95.2 billion KRW respectively.
Among the top market capitalization stocks, all are declining except Alteogen, which is showing gains of over 1%.
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Meanwhile, in the Seoul foreign exchange market, the won/dollar exchange rate is trading at 1470.5 won, up 0.7 won from the previous day.
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