KOSPI Posts First Decline of the Year, Closes at 4,885.75...Ends Losing Streak After 13 Trading Days [fn Closing Market Report]

[The Financial News] On the 20th, the Korea Composite Stock Price Index (KOSPI) closed lower for the first time this year, falling back below the 4,900 mark. After repeated swings during the session, the KOSPI ended down for the first time in 13 trading days.
The KOSPI finished the day at 4,885.75, down 0.39% from the previous session. It opened at 4,900.28, 0.09% lower than the previous close, then turned slightly higher and, for the first time ever, touched 4,935.48. It subsequently reversed course and at one point slid to 4,823.88 (-1.65%). Although it continued to fluctuate afterward, it failed to regain the 4,900 level.
In the KOSPI Market, foreign investors and retail investors were net buyers of 79.3 billion won and 352.8 billion won, respectively. In contrast, institutions dumped more than 600 billion won, extending their net selling to a second consecutive session.
Market heavyweights Samsung Electronics Co., Ltd. and SK hynix Inc. also fell more than 2%, closing at 145,200 won and 743,000 won, respectively.

elikim@fnnews.com Kim Mi-hee Reporter