KOSPI retreats to 5,100 level on foreign selling

The Financial News reported that the Korea Composite Stock Price Index (KOSPI) fell back to the 5,100 level on February 2 amid heavy selling by foreign investors.
As of 10:33 a.m., the KOSPI was trading at 5,137.66, down 86.70 points, or 1.66%, from the previous session.
The KOSPI opened at 5,122.62, down 101.74 points, or 1.95%, from the previous day. In the domestic main board market, individual investors are net buying about 1.4668 trillion won, while foreign investors and institutions are net selling roughly 1.5073 trillion won and 44.2 billion won, respectively.
Among the top 14 stocks by market capitalization, Hanwha Ocean is up 2.24%, followed by KB Financial Group up 1.55%, Kia Corporation up 0.79%, and Samsung C&T Corporation up 0.17%.
In contrast, SK Square is down 4.39%, SK hynix is down 2.86%, and LG Energy Solution is down 1.38%.
Samsung Electronics, the largest stock by market capitalization, is trading at 158,700 won, down 1.12% from the previous session.
By sector, transportation and storage is up 0.82%, non-metallic minerals are up 0.56%, and electricity and gas is up 0.15%. On the other hand, metals are down 4.51%, medical precision equipment is down 2.30%, and securities are down 2.17%.
The KOSDAQ Index is trading at 1,128.36, down 21.08 points, or 1.83%, from the previous day. The index opened at 1,128.57, down 20.87 points, or 1.82%.


khj91@fnnews.com Kim Hyun-jung Reporter