KOSPI Expands Decline to 3180 Level Due to Foreign Selling Pressure [fn Afternoon Market]

[Financial News] Due to the impact of tariffs on items by Donald Trump, President of the United States, the KOSPI, which started with a decline, expanded its decline to the 3180 level. Foreign selling pressure is leading the index down.
According to the Korea Exchange on the 18th, as of 1:40 PM, the KOSPI is trading at 3188.54, down 37.12p (-1.15%) from the previous trading day. On this day, the index started at 3202.63, down 23.03p (-0.71%) from the previous trading day, but at one point during the day, it expanded its decline to 3180.71 (-1.39%).
In the securities market, individuals and institutions are net buying 274.5 billion won and 17.7 billion won, respectively, while foreigners are net selling 354.7 billion won.
By sector, transportation/storage (2.32%), electricity/gas (2.00%), and transportation equipment/parts (0.32%) are showing an upward trend, while electricity/electronics (-2.08%), textiles/apparel (-1.99%), and finance (-1.91%) are showing a downward trend.
Among the top market cap stocks, HMM (8.14%), Hanwha Ocean (2.81%), and Korea Electric Power Corporation (2.45%) are strong, while KB Financial (-5.21%), SK Hynix (-3.07%), and Shinhan Financial Group (-2.03%) are weak.
At the same time, the KOSDAQ is trading at 800.25, down 15.01p (-1.84%) from the previous trading day. Individuals are buying 185.1 billion won, while foreigners and institutions are selling 72 billion won and 100.3 billion won, respectively.
The securities industry analyzes that tariffs and internal issues are expanding the index decline. Kang Jin-hyuk, a researcher at Shinhan Investment Corp., said, "The KOSPI is expanding its decline due to uncertainties in tariffs and internal system issues such as commercial law and tax law," adding, "There is a trend of foreign capital withdrawal in the market due to macro uncertainties."


koreanbae@fnnews.com Bae Hangul Reporter