KOSPI and KOSDAQ Weaken Together, Both Drop Over 1% During the Session
Individual Investors Buy, While Foreign and Institutional Investors Sell
Both the KOSPI and KOSDAQ showed weakness at the start of trading on September 1, with declines of over 1% in the early session.
As of 9:15 a.m. on this day, the KOSPI was trading at 6,734.35, down 1.26% from the previous session at the Korea Exchange. After opening at 6,784.29, which was 0.52% lower than the previous closing price, the index extended its losses.
Individual investors have made a net purchase of 713.8 billion won, while foreign investors and institutional investors are net sellers of 409.7 billion won and 368.2 billion won, respectively.
By sector, movements were mixed. The following sectors posted declines: Electrical & Electronics down 1.45%, Securities down 1.16%, Manufacturing down 1.09%, Metal down 0.73%, Pharmaceuticals down 0.62%, Machinery & Equipment down 0.65%, and Real Estate down 0.46%. Conversely, Chemicals rose by 2.15%, Transportation & Storage by 1.67%, Entertainment & Culture by 0.64%, and Utilities (Electricity & Gas) by 0.40%.
All of the top-market-cap stocks on the KOSPI are experiencing declines. Samsung Electronics is down 1.5%, SK hynix down 0.5%, SK Square down 0.1%, Samsung Electro-Mechanics down 2.8%, LG Energy Solution down 0.2%, Hyundai Motor down 0.9%, Samsung Biologics down 0.9%, Samsung C&T down 0.1%, KB Financial Group down 0.7%, and Samsung Life Insurance down 0.8%.
The KOSDAQ also started the session at 831.96, down 0.28% from the previous close, and declined further to 822.83. Individual investors are net buyers of 147.3 billion won, while foreign investors have sold 107.1 billion won and institutional investors have sold 38.9 billion won.
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Among KOSDAQ's top-listed stocks, all are declining except HLB, which is up 0.1%. Alteogen is down 1.6%, Ecopro down 0.8%, Ecopro BM down 1.4%, Rainbow Robotics down 1.5%, Jusung Engineering down 2.3%, Wonik IPS down 2.6%, LIG Nex1 down 1.9%, EO Technics down 2.7%, and Simmtech down 3.6%.
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