KOSPI Drops 3% to 4,036 Level Due to Heavy Foreign Selling [Afternoon Market Update]

[Financial News] The Korea Composite Stock Price Index (KOSPI) was trading at the 4,036 level on the 14th, down by more than 3%. Heavy selling by foreign investors contributed to the decline.
As of 2 p.m., KOSPI had fallen 134.39 points (3.22%) from the previous session, trading at 4,036.24. The index opened at 4,061.91, down 108.72 points (2.61%) from the previous close, dropping below the 4,100 mark for the first time in three sessions.
In the KOSPI Market, foreign investors and institutions recorded net sales of 1.9409 trillion won and 532.2 billion won, respectively. In contrast, individual investors purchased a net 2.4438 trillion won.
Most large-cap stocks were on the decline. Samsung Electronics (-4.47%), SK hynix (-6.68%), LG Energy Solution (-4.02%), and Hyundai Motor (-2.33%) all weakened. On the other hand, HD Hyundai Heavy Industries rose by 3.52%.
Most sectors also trended downward. Insurance (-5.86%), electrical and electronics (-5.20%), machinery and equipment (-4.52%), and securities (-4.02%) were among the weakest.
The Korean Securities Dealers Automated Quotations (KOSDAQ) index was also trading lower, down 16.47 points (1.79%) at 901.90 compared to the previous session.
[email protected] Im Sang-hyuk Reporter