The KOSPI index has dropped over 5% during trading, driven by significant selling from foreign and institutional investors. In contrast, individual investors have focused on bargain hunting, recording net purchases exceeding 3 trillion won.
On June 10, the Korea Exchange reported that the KOSPI opened at 7,899.77, down 197.16 points (2.43%) from the previous trading day (8,096.93). The index continued to decline, reaching 7,665.38, a drop of 431.55 points (5.33%) as of 1:25 PM.
Foreign and institutional investors led the sell-off, with foreign investors selling a net 27.66 trillion won and institutions offloading 7.884 trillion won. Meanwhile, individual investors purchased a net 34.196 trillion won, absorbing the selling pressure.
Major stocks also showed weakness, with Samsung Electronics down 4.50% and SK Hynix falling 3.70%. SK Square and Samsung SDI dropped 3.70% and 3.10%, respectively, while Hyundai Motor saw a decline of 2.66%.
The KOSDAQ index also faced losses, starting at 958.58, down 9.23 points (0.95%) from the previous day (967.81), and later recording a decline of 23.81 points (2.46%) to 944.00.
In the KOSDAQ market, foreign selling continued, with foreign investors net selling 253.1 billion won, while individuals and institutions recorded net purchases of 228.7 billion won and 25.6 billion won, respectively.
Most of the top KOSDAQ stocks experienced declines. Alteogen fell 2.60%, EcoProBM dropped 1.55%, EcoPro decreased by 0.47%, and Rainbow Robotics saw a decline of 3.05%. However, JUSUNG Engineering bucked the trend, rising 9.55% amid the overall market downturn.
Analysts suggest that the recent surge in volatility has accelerated the outflow of foreign capital, increasing downward pressure on the domestic stock market. However, the substantial net buying by individual investors is helping to mitigate further declines.
* This article has been translated by AI.
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