The KOSPI index fell below the 3,900 level as losses deepened in early trading on the 5th.

On the morning of the 5th, a KOSPI market display is shown in the dealing room of Hana Bank in Jung-gu, Seoul. The KOSPI index opens with a plunge of over 3% and extends losses, breaking below the 3,900 level./Courtesy of News1

As of 10:25 a.m. that day, the KOSPI index was at 3,896.56, down 225.18 points (5.46%) from the previous session. Individuals and institutions were net buyers of 967.2 billion won and 205.2 billion won, respectively, while foreigners alone were net sellers of 1.1257 trillion won.

Following a sharp drop on Wall Street the previous day, the KOSPI index opened down 3% at the start of the session and continued to deepen its losses in the morning. In the U.S. market, as market experts said a correction phase could be coming, selling centered on tech stocks poured out. In Korea as well, the market is seen plunging under the same influence.

With the rapid index decline, the Korea Exchange (KRX) triggered a sell-side sidecar, but the losses gradually widened, breaking below the 3,900 level. In the KOSPI market, a sell-side sidecar was triggered for the second time this year after the market plunged on Apr. 7 due to the shock from tariffs.

The KOSDAQ index is also seeing widening losses compared with early trading. At the same time, the KOSDAQ index was at 876.43, down 50.14 points (5.41%) from the previous session.

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