The KOSPI has fallen below the 3,100 mark. During trading, it plunged more than 2%, dropping to 3,079. Nuclear power and semiconductor stocks are significantly declining, pulling down the index.
As of 11:19 a.m. on the 20th, the KOSPI index shows a decrease of 61.07 points (1.94%) from the previous day, recording 3,090.49. The KOSPI index started the day down 0.95% from the prior trading day at 3,121.52, and during trading, it fell more than 2% due to individual sell-offs. This is the first time the 3,100 level has been broken since July 8.
In the securities market, individual selling pressure is strong. Individuals are net selling a total of 400 billion won alone. Institutions and foreigners are buying at a ratio of 320 billion won and 56 billion won, respectively, supporting the index.
Most of the top KOSPI stocks by market capitalization are in a bearish trend. Excluding Samsung Electronics, which has recovered to the 70,000 won level following news of U.S. government semiconductor investment reviews, stocks such as SK hynix, LG Energy Solution, Samsung Biologics, Hanwha Aerospace, and HD Hyundai Heavy Industries are all declining. The leading sectors claimed to be shipbuilding, defense, and nuclear power are all failing to gain traction.
At the same time, the KOSDAQ index has shown a sharp decline of 18.89 points (2.4%) to 769.07 compared to the previous trading day.
In the KOSDAQ market, individuals have entered a buying phase with a scale of 120 billion won. Institutions and foreigners are selling a total of 90 billion won and 2 billion won, respectively, pulling down the index.
The top KOSDAQ stocks by market capitalization are also showing 'red flags'. Stocks such as Alteogen, Ecopro BM, and HLB are all trading at prices lower than the previous day. LigaChem Biosciences and Sam Chun Dang Pharm are down more than 5%. In contrast, Peptron and Sam Chun Dang Pharm show gains in the 3% and 1% range, respectively.
In the Seoul foreign exchange market, the won-dollar exchange rate increased by 5.7 won to 1,398.9 won compared to the previous day and is threatening the 1,400 won level. This is interpreted as a result of the strong dollar stemming from wariness ahead of the Jackson Hole financial conference scheduled for the 21st (local time) and a decrease in expectations for a rate cut in September.