KOSPI Fluctuates Near 4,000 Mark as Foreign Investors Sell Off in Bulk [fn Afternoon Market Report]

[Financial News] The KOSPI is showing weakness during the session as both foreign and institutional investors are net sellers.
As of 1:35 p.m. on the 28th, the KOSPI was trading at 3,995.67, down 47.16 points (1.17%) from the previous session.
On this day, the KOSPI started trading at 4,010.47, down 32.36 points (0.80%) from the previous day. At one point during the session, the index fell as much as 58.35 points (1.44%) to 3,984.48.
In the KOSPI market, foreign investors have sold 1.5932 trillion won, while institutions have sold 337 billion won. In contrast, individual investors have purchased 2.0391 trillion won.
Most of the top market cap stocks are trending downward. Samsung Electronics (-2.35%) and SK hynix (-3.93%) are both weak, while Hyundai Motor (-1.96%) and Kia (-1.39%) are also declining.
By sector, transportation equipment/parts (-2.52%), retail (-1.98%), and electrical/electronics (-1.70%) are showing the largest declines. On the other hand, electric/gas (1.62%) and IT services (1.09%) are rising.
The KOSDAQ Index is trading at 900.76, up 1.94 points (0.21%) from the previous day.

dschoi@fnnews.com Choi Doo-sun Reporter