KOSPI Barely Holds 4,000, KOSDAQ Nears 900 as Foreign Investors Accelerate Sell-Off [fn Closing Market]

[Financial News] The Korea Composite Stock Price Index (KOSPI) weakened during the session as both foreign and institutional investors turned net sellers.
On the 28th, the KOSPI closed at 4,010.41, down 32.42 points (0.80%) from the previous trading day.
The index opened at 4,010.47, down 32.36 points (0.80%) from the previous day. At one point during the session, it fell as much as 58.35 points (1.44%) to 3,984.48, briefly dipping below the 4,000 mark.
In the main board market, foreign investors sold 1.8011 trillion won and institutions offloaded 207.4 billion won. In contrast, individual investors purchased 2.1058 trillion won. This marks the first time in 11 trading days since the 13th that foreigners sold over 1 trillion won in a single day on the KOSPI. It is also the largest single-day sell-off in nearly six months since April 7, when they sold 2.171 trillion won.
Among large-cap stocks, performance was mixed. Samsung Electronics fell 2.25%, and SK hynix declined 2.24%. Meanwhile, LG Energy Solution rose 2.42%, and Samsung Biologics gained 2.07%.
By sector, transportation equipment and parts dropped 2.28%, retail fell 1.66%, and electrical/electronics declined 1.25%. On the other hand, electricity/gas climbed 1.97%, and machinery/equipment advanced 1.47%.
The Korean Securities Dealers Automated Quotations (KOSDAQ) closed at 903.30, up 0.60 points (0.07%) from the previous day.


dschoi@fnnews.com Choi Doo-sun Reporter