The KOSPI index opened more than 1% higher on August 7 but closed lower due to significant selling by foreign investors. The KOSDAQ also experienced a sharp decline amid simultaneous net selling by foreign and institutional investors, although it managed to recover some losses by the end of trading.
According to the Korea Exchange, the KOSPI closed at 6258.77, down 37.61 points (0.60%) from the previous trading day. The index started at 6365.07, up 68.69 points (1.09%), but reversed its early gains and ended the day in negative territory.
In the securities market, individual and institutional investors made net purchases of 267 billion won and 579 billion won, respectively, engaging in bargain hunting. In contrast, foreign investors led the decline with net sales of 862.5 billion won.
Among the top market capitalization stocks in the KOSPI, the performance was mixed. Samsung Electronics rose 0.22%, Samsung Electro-Mechanics increased by 3.99%, LG Energy Solution gained 4.35%, Samsung Biologics was up 2.77%, KB Financial climbed 2.51%, and Hanwha Aerospace rose 4.08%. However, SK Hynix fell 4.88%, SK Square dropped 3.20%, and Hyundai Motor declined 1.13%.
The KOSDAQ index closed at 798.81, down 2.86 points (0.36%) from the previous day. It opened at 807.62, up 5.95 points (0.74%), but turned negative during the session, at one point dropping over 3% before reducing its losses.
In the KOSDAQ market, foreign and institutional investors sold a net 254 billion won and 103 billion won, respectively. Individual investors made net purchases of 340.6 billion won, absorbing the selling pressure.
The top stocks in the KOSDAQ also showed mixed results. Alteogen rose 3.29%, EcoPro increased by 2.87%, EcoPro BM gained 4.39%, HLB was up 5.97%, ABL Bio rose 3.96%, and Peptron increased by 2.13%. Conversely, Rainbow Robotics fell 5.01%, Juseong Engineering dropped 4.20%, Lino Industry declined 1.79%, and Wonik IPS fell 4.64%.
* This article has been translated by AI.
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