KOSPI Drops Amid Foreign and Institutional Selling... -1.41% [fn Morning Market Briefing]

[Financial News] The Korea Composite Stock Price Index (KOSPI) is declining by over 1.4% as foreign and institutional investors continue to sell.
According to the Korea Exchange (KRX), as of 11:02 a.m. on the 4th, the KOSPI was trading at 4,162.59, down 59.28 points (-1.40%) from the previous day. The index opened at 4,219.24, down 2.63 points (0.06%) from the previous session, and its losses deepened throughout the morning.
In the KOSPI Market, individual investors have made net purchases totaling 2.1696 trillion won, while foreign and institutional investors have net sold 1.5172 trillion won and 611.3 billion won, respectively.
By sector, food & beverage/tobacco (up 1.22%), pharmaceuticals (up 1.17%), and chemicals (up 0.43%) are showing strength, while securities (down 3.71%), transportation equipment/parts (down 3.43%), and electrical/electronics (down 2.30%) are underperforming.
Among large-cap stocks, HD Hyundai Heavy Industries (-6.51%), Hyundai Motor (-4.46%), and SK Square (-4.96%) are declining, while KB Financial Group (up 3.98%), Shinhan Financial Group (up 2.02%), and Celltrion (up 1.49%) are gaining.
At the same time, the Korean Securities Dealers Automated Quotations (KOSDAQ) was trading at 928.09, up 13.54 points (1.48%) from the previous session. Individual and institutional investors have purchased 8 billion won and 52.7 billion won, respectively, while foreign investors have sold 28.4 billion won.


koreanbae@fnnews.com Bae Han-geul Reporter