KOSPI Extends Losses to 5,500 Level, Down More Than 4%

The KOSPI extended its losses during intraday trading on Tuesday, plunging to the 5,500 level.

As of around 1:35 p.m. at the Korea Exchange, the KOSPI was trading at 5,531.55, down 4.10% from the previous session.

Yonhap News Agency

The index opened at 5,733.57 but plunged more than 200 points amid selling by foreign and institutional investors. Retail investors were buying 1.7126 trillion won worth of KOSPI shares, while foreign investors and institutions were net sellers of 1.138 trillion won and 1.06 trillion won, respectively.

All sectors were lower. Transportation equipment and parts fell 6.83%, chemicals 6.01%, metals 5.79%, medical and precision instruments 5.58%, machinery and equipment 5.13%, manufacturing 4.27%, textiles and apparel 4.26%, and electrical and electronics 4.12%. Real estate posted the smallest decline, at 1.17%.

Top market-cap stocks were also broadly lower. Samsung Electronics fell 3.7%, SK hynix 4.9%, LG Energy Solution 4.0%, SK Square 5.6%, Samsung Electro-Mechanics 0.6%, Samsung Biologics 2.8%, Hyundai Motor 5.9%, KB Financial Group 1.2%, and Samsung Life Insurance 4.0%.

At the same time, the KOSDAQ was trading at 785.04, down 2.95% from the previous session. Retail investors were net buyers of 427.1 billion won, while foreign investors and institutions were net sellers of 350.7 billion won and 72.9 billion won, respectively.

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