Retail investors 1trillion 5,000sold, prompting pension funds to enter; the KOSPI 7,500 recovered
9The KOSPI fluctuated intraday before recovering the 7,500line again after pension funds entered. Individuals sold 1 trillion 5,000 hundred million won worth that day, while the KOSDAQ regained the 800 line in a day on strength in semiconductor materials and components.
9The KOSPI repeatedly fluctuated intraday before recovering the 7,500 line after pension funds entered. From an investor’s perspective, it was a day when index volatility was confirmed once again.
In morning trading, the KOSPI opened at 7,486.64. The opening level was 239.85 points above the previous day, with a gain of 3.31%.
At one point during the session, the market also showed a shift into decline. Some reports said that individuals’ large-scale selling and pension funds’ buying intervention occurred together.
Individuals were net sellers that day, offloading 1trillion won worth of shares. 5,000Meanwhile, trading trends among foreign investors and institutions were mixed.
The KOSDAQ recovered the 800line in just one day. Reports continued to say that the semiconductor materials, components and equipment sector led the KOSDAQ rebound.
The performance of SK Hynix in the U.S. market was reported to have affected domestic indices as well. Yesterday, the KOSPI plunged at one point to levels seen during the Lehman crisis before attempting a rebound that day.
Trading value and moves to defend the index were presented as key indicators of the day’s market conditions. Reports said that the direction of the index could change again afterward depending on additional buying and selling.