KOSPI Falls 3% Below 5,700; Foreign Investors Net Sell More Than 2 Trillion Won

Foreign investors net sell 2.012 trillion won; institutions, 871.6 billion won
KOSDAQ closes around 700, down 4%

The KOSPI closed around the 5,600 mark, down more than 3%, amid selling by foreign and institutional investors.

Yonhap News Agency

On Nov. 3, the KOSPI closed at 5,648.79, down 210.29 points (3.59%) from the previous trading day. Individual investors were net buyers of 2.603816 trillion won, while foreign investors and institutions were net sellers of 2.011568 trillion won and 871.562 billion won, respectively.

Most sectors ended lower. Medical and precision instruments (-7.60%), machinery and equipment (-5.00%), chemicals (-3.93%), construction (-3.14%), and metals (-2.94%) posted steep declines. Pharmaceuticals (+0.58%), paper and wood (+0.55%), non-metallic minerals (+0.24%), and food, beverages and tobacco (+0.06%) ended slightly higher.

Among the largest companies by market capitalization, Samsung Electronics, the top-ranked company, fell 4.1%; SK hynix, ranked second, declined 5.0%; and SK Square, ranked third, dropped 5.3%. Samsung SDI (-9.2%), Samsung Electro-Mechanics (-7.3%), and Doosan Enerbility (-6.2%) also posted steep share-price declines.

The KOSDAQ closed at 704.39, down 29.97 points (4.08%). Foreign investors and institutions were net sellers of 12.091 billion won and 236.493 billion won, respectively, while individual investors were net buyers of 371.422 billion won.

All sectors except paper and wood (+0.97%) and transportation and warehousing (+0.84%) closed lower. Machinery and equipment (-6.75%), non-metallic minerals (-5.67%), electrical and electronic equipment (-5.60%), metals (-4.88%), transportation equipment and parts (-3.98%), financials (-3.84%), and medical and precision instruments (-3.76%) all fell by more than 3%.

Alteogen, the largest company by market capitalization, ended slightly higher, up 0.2%, while EcoPro, ranked second, and EcoPro BM, ranked third, both fell 4.8%. Semiconductor-related stocks including EO Technics (-8.5%), Jusung Engineering (-7.6%), and Wonik IPS (-7.1%), as well as Robotis (-10.1%) and Rainbow Robotics (-4.0%), posted steep share-price declines.

Lee Kyung-min, a researcher at Daishin Securities, said, "Broadly, sectors weakened amid heavy selling by foreign investors. The semiconductor sector fell as concerns about AI funding grew following bond issuance by big tech companies. IT hardware stocks also weakened in tandem as investor sentiment deteriorated."

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