Selling by foreigners and institutions is widening KOSPI losses on the morning of the 7th. With a decline in the 5% range continuing, the KOSPI has fallen to the 7,500 level.

On the morning of the 7th, the KOSPI index is displayed on an electronic board in the dealing room at Hana Bank in Jung-gu, Seoul. During intraday trading, the KOSPI plunges more than 5 percent, triggering a sell-sidecar (temporary suspension of program sell orders) on the Korea Exchange. /Courtesy of News1

As of 11:27 a.m., the KOSPI was at 7,590.12, down 461.21 points, or 5.73%, from the previous trading day.

As intraday losses deepened in the morning, a sell-sidecar was triggered on the main bourse. It was the 16th sell-sidecar this year.

On the main bourse, foreigners were net sellers of 2.0167 trillion won and institutions 89.4 billion won. Individuals alone were net buyers of 2.085 trillion won.

Among the largest stocks by market capitalization on the main bourse, most were falling. In particular, Samsung Electronics was down in the 8% range and SK hynix in the 7% range, leading the market lower. SK Square, Samsung Electro-Mechanics, Hyundai Motor, LG Energy Solution, Samsung Life Insurance and Samsung C&T were also sharply lower.

At the same time, the KOSDAQ was down 12.88 points, or 1.52%, at 834.19. After rising early in the session, the KOSDAQ turned lower.

On the KOSDAQ market, while individuals were net sellers of 200.1 billion won, foreigners were net buyers of 80.2 billion won and institutions 124.1 billion won.

Of the top 10 KOSDAQ stocks by market capitalization, six were falling. EcoPro BM, EcoPro, Rainbow Robotics, Jusung Engineering, Wonik IPS and LEENO Industrial were declining, while Alteogen, Kolon TissueGene, HLB and ABL Bio were rising.

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