The KOSPI index turned downward during afternoon trading on the 3rd, giving up the 6,600 level. This is attributed to institutional investors expanding their selling volume.
At 2:40 p.m. that day, the KOSPI index was calculated at 6,538.49, down 24.23 points (0.37%) from the previous trading day.
Based on cumulative data from Korea Exchange and NextTrade, other corporations made a net purchase of 1.5462 trillion won, while individuals sold off 631.7 billion won, institutional investors sold off 580.1 billion won, and foreign investors sold off 337.6 billion won.
The index had been showing strong gains in the double-digit percentage range until 2 p.m., but then suddenly plummeted, slipping to 6,439.39, down 123.33 points (1.88%) from the previous day, just 27 minutes later, before narrowing its losses.
The sharp intraday drop in the index coincided with selling pressure from institutional investors.
Institutional investors had continued net purchases ranging from hundreds of billions to around 100 billion won since 10:15 a.m., but switched to net selling starting at 2:07 p.m., pushing their net selling amount up to 583.1 billion won by 2:37 p.m.
Among the top market capitalization stocks, Samsung Electronics traded down 3,000 won (1.20%) from the previous day at 247,500 won, and SK Hynix traded down 24,000 won (1.49%) at 1.589 million won.
Among sectors, KOSPI insurance and construction showed strong gains in the 3rd% range, while electricity/gas, machinery/equipment, and warehousing/transportation posted gains in the 2nd% range. In contrast, communications and IT services fell by around 2%, and textiles/apparel, pharmaceuticals, food/beverages/tobacco, medical precision, and electrical/electronics showed weakness in the 1st% range.
The KOSDAQ index was calculated at 789.55, down 14.43 points (1.70%).
in STOCK
