Foreign selling sends the Kospi plunging intraday 3.00%, 7,053.84to
20In the morning, foreign investors’ net selling sent the Kospi down 3.00% to 7,053.84. Foreign investors8,630 hundred million won in net selling, extending their selling streak to 9 consecutive trading days, while institutions bought a net 8,072 hundred million won.
![Foreign selling sends the Kospi plunging intraday 3.00%, 7,053.84to]/blog-images/gen-3324e57e-c756-4aa5-b9c0-b9ae4f3557b2.jpg)
20The Kospi is falling amid net selling by foreign investors this morning. As of 9 a.m. 30 minutes, the Kospi was trading 55.69 points (0.77%) lower than the previous trading day, at 7,215.97. The market has continued to fluctuate throughout the trading session.
Intraday, concentrated selling by foreign investors sent the index plunging at one point by 3.00% to 7,053.84. Some buying later came in, partially narrowing the decline. Volatility in the index remains elevated.
On the securities market, foreign investors are net sellers of 8,630 hundred million won. Based on the previous day's closing price, foreign investors have been net sellers for 9 consecutive trading days. Large-scale selling has accumulated.
Individual investors are, as of this morning, 71hundred million won worth is being sold. By contrast, institutions are 8,072hundred million won worth in net purchases. Institutional buying is offsetting some of the imbalance in supply and demand.
Among the stocks with the largest market capitalizations, trading is mixed. Samsung Electronics is up 0.91 percent. SK hynix is showing a decline in the 1 percent range.
Hyundai Motor is down 2.48 percent. LG Energy Solution is down 1.63 percent. Weakness in some large-cap stocks is weighing on the index.
By sector, electric utilities and gas is down 4.97 percent. The securities sector is down 4.60 percent. Declines are continuing across several sectors.
The construction sector is down 3.97 percent. Weakness across sectors is being observed. Trading may remain volatile after the morning session.
Sources: 파이낸셜뉴스 증권
Bullstory synthesized this report from the linked sources. AI may have assisted the writing process. Check the original reports for factual confirmation.