KOSPI Loses Steam and Slumps... Closes at 5,018, Down 0.81%
KOSDAQ also closes down 0.8%
Foreign and individual investors are net sellers in both markets
The KOSPI, which rose more than 1% intraday on the 9th and topped the 5,100 mark, ultimately lost momentum and closed lower.
The KOSPI ended regular trading at 5,018.85, down 0.81% from the previous trading day. It opened slightly lower at 5,034.20, fell to 4,990.66, then rebounded to reach 5,172.94, but ultimately failed to sustain its gains and fell back.
Foreign and individual investors continued selling throughout the session, recording net sales of KRW 647 billion and KRW 486.7 billion, respectively. Institutional investors posted net purchases of KRW 687.2 billion, while other corporations bought a net KRW 446.4 billion.
Nearly all sectors fell. Most sectors declined by more than 1%, including securities (-3.99%), transportation and storage (-3.56%), transportation equipment and parts (-3.27%), food, beverages and tobacco (-3.18%), metals (-2.77%), chemicals (-2.69%), construction (-1.93%), entertainment and culture (-1.90%), communications (-1.81%), machinery and equipment (-1.69%), general services (-1.68%), retail (-1.44%), textiles and apparel (-1.28%), and electricity and gas (-1.09%). Only paper and wood (2.07%), medical and precision instruments (1.99%), and insurance (0.42%) gained.
Most of the 10 largest stocks by market capitalization also fell. The biggest declines were in LG Energy Solution (-5.7%), Samsung Electro-Mechanics (-3.1%), Hyundai Motor (-2.8%), Celltrion (-0.4%), and Samsung Biologics (-0.4%). Samsung Life Insurance (1.0%), Samsung Electronics (0.6%), and SK hynix (0.3%) rose.
The KOSDAQ followed a similar pattern. It opened lower and gained more than 2% intraday, but then reversed course and closed at 638.97, down 0.85% from the previous trading day.
Foreign and individual investors also posted net sales of KRW 94 billion and KRW 16.5 billion, respectively. Institutional investors were the only group to record net purchases, at KRW 104.8 billion.
Most sectors declined. The largest losses were in financials (-4.81%), general services (-4.66%), pharmaceuticals (-1.67%), chemicals (-1.65%), transportation and storage (-1.40%), and paper and wood (-1.30%). By contrast, non-metallic minerals (3.94%), construction (1.04%), and retail (0.72%) rose.
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The 10 largest stocks by market capitalization saw sharply divergent performances. Alteogen plunged 16.0%. EcoPro BM (-8.6%), EcoPro (-8.4%), and Rainbow Robotics (-5.7%) also posted substantial losses. HLB (-3.5%), Leeno Industrial (-0.3%), and Sam Chun Dang Pharm (-0.2%) also fell. By contrast, Simtech (6.8%), Jusung Engineering (6.7%), and EO Technics (6.0%) gained.
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