Amid intensifying foreign selling, the KOSPI index was down more than 2% on the 29th. The KOSDAQ index was up in the 6% range.
As of 11:17 a.m. that day, the KOSPI index stood at 8,229.67, down 181.54 points (2.16%) from the previous trading day.
The KOSPI index opened the session at 8,334.28, down 76.93 points (0.91%) that day, and the decline widened through the morning.
Foreign investors are dragging down the main board. While foreigners are selling 3.8987 trillion won, individuals are net buying 2.5109 trillion won and institutions 1.2554 trillion won.
Six of the top 10 stocks by market capitalization on the main board were falling. In particular, Samsung Electronics was down in the 5% range. SK hynix was down 3%, SK Square more than 7%. While Samsung Life Insurance and Samsung C&T were also retreating, Samsung Electro-Mechanics, Hyundai Motor, LG Energy Solution, and Samsung Biologics were rising.
At the same time, the KOSDAQ index was up 6.30% (53.63 points) at 905 from the previous trading day.
Institutional buying was leading gains on the KOSDAQ market. While individuals and foreigners were net selling 347.9 billion won and 18.9 billion won, respectively, institutions alone were net buying 371.2 billion won.
Top market-cap stocks on the KOSDAQ were generally higher. In particular, EcoPro, EcoPro BM, and LigaChem Biosciences were posting sharp gains. In addition, Alteogen, Rainbow Robotics, Jusung Engineering, and HLB were also rising. Wonik IPS was declining.