KOSPI Moves Sideways at 8,700... Foreign Investors Trigger 'Sell-Off'

KOSDAQ Driven Down by Individual Investors' Selling

The KOSPI is maintaining the 8,700-point level during trading hours despite heavy net selling by foreign investors.

As of 1:40 p.m. on June 4, the KOSPI index was trading at 8,708.96, down 92.53 points (1.05%) from the previous trading day. After opening lower at 8,623.82, the index has been fluctuating around the 8,700-point level. Foreign investors recorded a net sale of 6.3458 trillion won, while individual investors and institutions recorded net purchases of 4.9557 trillion won and 1.2393 trillion won, respectively.

Performance varied by sector. Retail (8.83%), medical & precision equipment (7.55%), securities (3.02%), electric & gas (2.28%), and chemicals (2.21%) rose. On the other hand, telecommunications (-6.79%), insurance (-5.53%), electrical & electronics (-1.8%), and food, beverages & tobacco (-1.76%) declined.

On June 4, as the three major New York stock indexes closed lower, the KOSPI also started lower. In the dealing room at the headquarters of Hana Bank in Jung-gu, Seoul, an employee is monitoring the stock market and exchange rates. On that day, the KOSPI opened at 8,623.82, down 177.67 points (2.02%) from the previous trading day. The KOSDAQ rose 6.88 points (0.67%) to 1,032.91, and the won/dollar exchange rate started at 1,530.0 won, up 13.6 won. Photo by Jo Yongjun

Among the top market cap stocks, performances were also mixed. Samsung C&T (12.2%), Shinhan Financial Group (4.7%), and KB Financial Group (4.7%) rose, while LG Electronics (-14.1%), Samsung Life Insurance (-12.1%), and Samsung Electro-Mechanics (-3.4%) fell. Samsung Electronics and SK hynix also dropped by 0.6% and 2.6%, respectively.

As of the same time, the KOSDAQ index was trading at 1,055.65, up 29.62 points (2.89%) from the previous session. Foreign investors and institutions posted net purchases of 24.5 billion won and 235.1 billion won, respectively, while individual investors recorded a net sale of 262.7 billion won.

Looking at the top KOSDAQ stocks by market capitalization, Wonik IPS surged by 30%, Jusung Engineering rose by 24.4%, and EO Technics increased by 15.3%. In contrast, Robotis (-14.8%), Rainbow Robotics (-5.1%), and Alteogen (-1.2%) declined.

This content was produced with the assistance of AI translation services.