KOSPI Falls Below 4,000 Mark Amid Foreign Sell-Off [fn Closing Market]

[The Financial News] The KOSPI closed lower as both foreign and institutional investors continued to sell off their holdings.
On the 7th, the KOSPI ended trading at 3,953.76, down 72.69 points (1.81%) from the previous session. This marks the first time in 10 trading days since the 24th of last month that the KOSPI has closed below the 4,000 mark.
The index opened at 3,963.72, a decrease of 62.73 points (1.56%) from the previous day, immediately falling below 4,000. During the session, it dropped as much as 139.13 points (3.46%) to 3,887.32, even breaching the 3,900 level.
In the KOSPI Market, foreign investors sold 526.9 billion won worth of stocks, while institutional investors offloaded 19.2 billion won. In contrast, individual investors purchased 538.3 billion won. Foreign investors have maintained a net selling position for five consecutive trading days since the 3rd.
Most large-cap stocks declined. Samsung Electronics dropped 1.31%, SK hynix fell 2.19%, and LG Energy Solution lost 1.38%.
By sector, electric and gas (-3.41%), entertainment and culture (-3.19%), and construction (-3.11%) posted the largest losses.
The Korean Securities Dealers Automated Quotations (KOSDAQ) index closed at 876.81, down 21.36 points (2.38%) from the previous session.

dschoi@fnnews.com Choi Doo-sun Reporter