The KOSPI index opened on October 19 with a drop of over 3% but has since reduced its losses as foreign and institutional investors engaged in net buying.
According to the Korea Exchange, the KOSPI started the day at 5,488.41, down 179.64 points (3.17%) from the previous trading day. As of 9:02 a.m., the index recorded a decline of 98.68 points (1.74%), standing at 5,569.37.
In the securities market, individual investors have net sold 185.3 billion won, while foreign and institutional investors have net bought 59 billion won and 144.9 billion won, respectively.
Most of the top market capitalization stocks are in the red. Samsung Electronics fell 1.39%, SK Hynix dropped 3.07%, and other notable declines include SK Square (-3.32%), LG Energy Solution (-0.99%), Samsung Electro-Mechanics (-4.04%), Hyundai Motor (-1.44%), Samsung Biologics (-2.23%), and KB Financial (-0.31%).
The KOSDAQ also opened lower but has partially recovered its losses. It began the day at 773.06, down 21.72 points (2.73%) from the previous trading day. By 9:02 a.m., it showed a decline of 14.98 points (1.88%), at 779.80.
In the KOSDAQ market, individual investors have net sold 45.7 billion won, while foreign and institutional investors have net bought 32.9 billion won and 10.9 billion won, respectively.
Among the top market capitalization stocks, EcoPro fell 2.46%, EcoPro BM dropped 3.27%, JUSUNG Engineering declined 2.49%, Rainbow Robotics fell 3.12%, IOTechniques dropped 3.24%, Wonik IPS decreased 1.56%, and Rino Industrial fell 3.95%. Conversely, Alteogen rose 0.21% and HLB increased by 0.60%.
Han Ji-young, a researcher at Kiwoom Securities, stated, "The domestic stock market is expected to experience high volatility this week due to renewed concerns in the AI sector following the sharp decline of U.S. AI stocks last Friday. However, it is also a time to consider that the domestic market has already undergone excessive adjustments compared to other markets in terms of stock price declines."
* This article has been translated by AI.
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