After opening above 6,500 and setting an intraday record high, South Korea’s benchmark KOSPI turned lower on April 23 as foreign investors stepped up selling.
According to the Korea Exchange, the KOSPI was down 47.63 points, or 0.74%, at 6,370.30 as of 12:23 p.m., compared with the previous session. The index opened up 70.90 points, or 1.10%, at 6,488.83 and extended gains on institutional buying before reversing course.
In the main board market, individuals and foreigners were net sellers of 86.3 billion won and 363.5 billion won, respectively, while institutions were net buyers of 530.1 billion won.
Among top market-cap stocks, SK hynix fell 2.13%, Hyundai Motor dropped 1.94%, LG Energy Solution slid 4.54%, Hanwha Aerospace lost 0.64% and Samsung Biologics declined 1.47%. Samsung Electronics rose 0.69%, SK Square added 0.14% and Doosan Enerbility gained 2.85%.
The tech-heavy KOSDAQ was down 20.87 points, or 1.77%, at 1,160.25 at the same time. It opened up 7.98 points, or 0.68%, at 1,189.10 but quickly turned lower.
In the KOSDAQ market, foreigners and institutions were net sellers of 265.3 billion won and 114.0 billion won, while individuals were net buyers of 412.2 billion won.
Among leading KOSDAQ shares, EcoPro fell 5.30%, EcoPro BM dropped 5.73%, Alteogen slipped 0.56%, Rainbow Robotics lost 1.01% and Lino Industrial declined 0.75%. ABL Bio rose 1.06%, Kolon TissueGene added 0.20% and LigaChem Biosciences gained 1.75%.
* This article has been translated by AI.
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