Foreign Investors 'Sell'; KOSPI Falls Over 1%, Gives Up 5,500 Mark
Foreign Investors Sell 137 Billion Won Worth of Shares on KOSPI
KOSDAQ Also Down 1.94%
Domestic stocks were trading lower on Monday morning.
As of 9:50 a.m., the KOSPI was trading at 5,490.60, down 59.70 points (1.08%) from the previous trading day. The index opened at 5,499.05, down 51.25 points (0.92%) from the previous session's close. Foreign investors are leading the decline, selling 137 billion won worth of shares. Individual investors and institutions are absorbing the selling, with net purchases of 38.8 billion won and 84.2 billion won, respectively.
Declines outnumbered gains across sectors. Medical and precision instruments (-2.37%), electric and gas (-2.21%), metals (-2.04%), construction (-1.99%), textiles and apparel (-1.85%), communications (-1.84%), transportation equipment and parts (-1.58%), general services (-1.50%), chemicals (-1.42%), and real estate (-1.40%) were among the weaker sectors. Insurance (0.95%) and pharmaceuticals (0.24%), by contrast, were among the sectors posting gains.
The KOSPI index is displayed on an electronic board in the dealing room at Hana Bank's headquarters in Jung-gu, Seoul, on the 26th. Reporter Cho Yongjun.
View original imageAmong the stocks with the largest market capitalizations, Hanwha Aerospace (-3.41%), HD Hyundai Heavy Industries (-1.97%), Doosan Enerbility (-1.85%), Hyundai Motor (-1.69%), LG Energy Solution (-1.44%), Samsung Electronics preferred shares (-1.37%), KB Financial Group (-1.31%), Shinhan Financial Group (-1.14%), Celltrion (-1.03%), Kia (-0.84%), SK Square (-0.77%), Samsung Electronics (-0.70%), and SK Inc. (-0.64%) were all lower. Samsung Life Insurance (1.43%), Samsung Biologics (1.23%), and SK hynix (0.63%), on the other hand, were trading higher.
At the same time, the KOSDAQ was at 737.07, down 14.62 points (1.94%) from the previous trading day. The index opened at 742.17, down 9.52 points (1.27%), and continued to trade weakly in the low 740s. Foreign investors and institutions weighed on the index with net sales of 64.1 billion won and 17.3 billion won, respectively. Individual investors were the only net buyers, purchasing 81.3 billion won worth of shares.
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Most of the stocks with the largest market capitalizations were lower. PSK Holdings (-5.37%), Jusung Engineering (-5.00%), PSK (-4.00%), HLB (-3.00%), Wonik IPS (-2.82%), SIMMTECH (-2.73%), EO Technics (-2.72%), EcoPro BM (-2.59%), HPSP (-2.52%), and EcoPro (-2.48%) posted notable declines. Robotis (11.33%) and Rainbow Robotics (2.13%), by contrast, were among the gainers.
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