KOSPI Falls More Than 3% Amid Foreign Selling... Closes Around 6,380
The KOSPI closed down more than 3%, pressured by net selling by foreign investors.
On October 12, the KOSPI closed at 6,384.24, down 241.69 points (3.65%) from the previous day. Trading volume was provisionally tallied at 313.45 million shares, with trading value at KRW 21.3298 trillion.
By investor type, institutions and foreign investors were net sellers of KRW 122.8 billion and KRW 2.0205 trillion, respectively, while individuals were net buyers of KRW 1.4748 trillion. In the futures market, foreign investors were net buyers of KRW 752.1 billion, while institutions and individuals were net sellers of KRW 702.7 billion and KRW 22.3 billion, respectively. Program trading recorded net buying of KRW 92.7 billion in arbitrage transactions and net selling of KRW 1.1569 trillion in non-arbitrage transactions.
Most sectors declined. Machinery and equipment fell 6.72%, while construction fell 4.54%, electrical and electronic equipment 4.51%, medical and precision equipment 4.22%, manufacturing 4.19%, chemicals 4.17%, telecommunications 3.81%, securities 3.29%, transportation equipment 2.7%, metals 2.54%, entertainment and culture 2.37%, and financials 1.87%. By contrast, transportation and warehousing, and food, beverages and tobacco closed higher.
Most of the stocks with the largest market capitalizations also fell. Samsung Electronics declined 4.01%, while SK hynix fell 4.34%, SK Square 6.0%, Samsung Electro-Mechanics 3.82%, LG Energy Solution 1.25%, Hyundai Motor 1.69%, KB Financial Group 0.12%, Samsung Biologics 2.05%, Samsung Life Insurance 0.93%, and Samsung C&T 1.1%. Shinhan Financial Group closed up 0.5%.
The number of advancing stocks was provisionally tallied at 127, while 422 declined and 12 were unchanged. Two stocks hit the daily upper price limit.
The KOSDAQ Composite fell more than 4%. It closed at 849.19, down 43.08 points (4.83%) from the previous day. By investor type, institutions and foreign investors were net sellers of KRW 222.9 billion and KRW 26.5 billion, respectively, while individuals were net buyers of KRW 247.2 billion.
Most of the stocks with the largest market capitalizations fell. Alteogen declined 4.98%, while Jusung Engineering fell 5.61%, EcoPro 8.16%, EcoPro BM 10.33%, Rainbow Robotics 8.28%, Wonik IPS 2.24%, EO Technics 3.82%, SIMMTECH 9.32%, Leeno Industrial 11.04%, HLB 2.52%, SCD Pharm 12.73%, HPSP 6.35%, and PSK Holdings 3.82%.
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Meanwhile, in the Seoul foreign exchange market, the won was trading at 1,332.3 per dollar, up 9.7 won from the previous day.
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