'Black Wednesday': KOSPI Plunges 5.4%... KOSDAQ Also Down Over 5%

The KOSPI and KOSDAQ both closed the session with declines in the 5% range.

On the 8th, employees are working in the dealing room at the headquarters of Hana Bank in Jung-gu, Seoul. Photo by Yonhap News.

On July 8, the KOSPI finished trading at 7,246.79, down 409.52 points (5.35%) from the previous session. At one point, it recovered to 7,791.66 before falling to as low as 7,186.21.

At 1:31:58 p.m., due to fluctuations in the KOSPI200 futures index, program sell orders on the Korea Exchange were suspended for five minutes. At the time of the trigger, the KOSPI200 futures index was at 1,174.36, down 64.64 points (5.21%) from the previous day's closing price. A sell-sidecar for the Korea Exchange is triggered when the KOSPI200 futures index falls by 5% or more and remains at that level for one minute.

Individuals and institutions recorded net sales of 45.1 billion won and 337.7 billion won, respectively. Foreign investors recorded a net purchase of 331.1 billion won. By sector, machinery and equipment (-7.21%), medical and precision instruments (-7.00%), construction (-6.14%), electrical and electronics (-6.13%), and manufacturing (-5.74%) all declined.

Among the top stocks by market capitalization, Samsung Electronics (-6.25%), SK hynix (-5.68%), SK Square (-6.34%), Samsung Electro-Mechanics (-10.25%), and Hyundai Motor (-3.55%) all fell.

The KOSDAQ closed at 785.00, down 46.23 points (5.56%) from the previous session. At 1:33:58 p.m., a sell-sidecar was triggered on the KOSDAQ. At the time, the KOSDAQ150 futures price was 1,372.60, down 92.50 points (6.31%) from the previous day's close. The KOSDAQ150 spot index dropped 99.09 points (6.76%) to 1,365.13. The KOSDAQ sell-sidecar is triggered when the KOSDAQ150 futures price falls by 6% or more from the reference price and the KOSDAQ150 index declines by 3% or more from the previous trading day's closing value, with both conditions sustained for one minute.

Individuals and institutions recorded net sales of 192.6 billion won and 145.2 billion won, respectively, while foreign investors recorded a net purchase of 336.8 billion won. By sector, machinery and equipment (-6.84%), general services (-6.58%), finance (-5.95%), construction (-5.91%), and pharmaceuticals (-5.87%) all declined.

Among the top stocks by market capitalization, Alteogen (-7.11%), EcoPro BM (-6.32%), EcoPro (-7.58%), Rainbow Robotics (-6.75%), and Jusung Engineering (-8.88%) all fell.

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