KOSPI Plunges 10.8%, KOSDAQ Drops 7.7%... KOSPI Dips Below 6,000 During Session

Simultaneous Activation of Sidecar and Circuit Breaker
Foreign Investors Sell Off Nearly 5 Trillion Won
Sharp Declines Among Top Large-Cap Stocks

On July 28, both the KOSPI and KOSDAQ ended the session with sharp declines of 10.84% and 7.72%, respectively.

On the 28th, the Kospi is displayed on the status board in the dealing room at the Hana Bank headquarters in Euljiro, Seoul. Photo by Yonhap News Agency

The KOSPI closed at 6,023.66, down 732.09 points (10.84%) from the previous session. This marked the second-largest drop in points and the fourth-largest in percentage terms in its history. Shortly before the market closed, the index fell as low as 5,992.91.

At around 9:06 a.m., a program sell sidecar was triggered in the KOSPI market, temporarily halting the effectiveness of sell orders. After 10 a.m., a circuit breaker was activated, pausing trading on the KOSPI market for 20 minutes.

Individual investors and institutions recorded net purchases of 4.3275 trillion won and 636.3 billion won, respectively, while foreign investors were net sellers at 4.9914 trillion won. By sector, electrical and electronics (-13.60%), manufacturing (-11.81%), medical and precision instruments (-10.95%), entertainment and culture (-10.71%), and construction (-9.38%) were among the hardest hit.

Among large-cap stocks, Samsung Electronics (-13.39%), SK hynix (-14.65%), Samsung Electronics Preferred (-12.01%), SK Square (-15.60%), and Samsung Electro-Mechanics (-15.92%) all declined.

The KOSDAQ closed at 705.85, down 59.01 points (7.72%) from the previous session. During the session, the index dipped to 697.45, falling below the 700 mark for the first time in 1 year and 3 months since April 16 last year.

On the KOSDAQ, a sell sidecar was triggered at around 9:14 a.m., and a circuit breaker was activated at 12:01 p.m. At the time the circuit breaker was triggered, the KOSDAQ index was down 61.95 points (8.09%) to 702.91 compared to the previous trading day.

Individual investors and foreign investors posted net purchases of 51.4 billion won and 82.8 billion won, respectively, while institutions were net sellers at 134.5 billion won. By sector, non-metallic minerals (-12.04%), machinery and equipment (-11.69%), electrical and electronics (-10.02%), manufacturing (-8.47%), and financials (-7.97%) all posted declines.

Among the top market-cap stocks, Alteogen (-4.97%), Ecopro BM (-7.87%), Ecopro (-9.80%), Rainbow Robotics (-10.20%), and Jusung Engineering (-14.08%) ended lower.

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