KOSPI Falls Below 5,000 on Foreign and Institutional Selling, Down 4.54% [Afternoon Market Brief]

[The Financial News] The Korea Composite Stock Price Index (KOSPI) fell below the 5,000 mark on the 2nd as foreign and institutional investors turned to net selling. The index is currently down more than 4% from the previous session.
As of 2:26 p.m. on the same day, the KOSPI was trading at 4,987.41, down 236.95 points (4.54%) from the previous session.
The KOSPI opened at 5,122.62, down 101.74 points (1.95%) from the previous close. In the domestic main board market, individual investors are net buying about 4.018 trillion won, but foreign investors and institutions are net selling roughly 2.7268 trillion won and 1.4483 trillion won, respectively.
All of the top 14 stocks by market capitalization are in negative territory. In particular, SK Square is plunging 10.35%, while SK hynix is down 7.04%.
Samsung Electronics, the largest stock by market capitalization, is trading at 152,700 won, down 4.86% from the previous session. Hanwha Aerospace, Doosan Enerbility, and Hyundai Motor Company are also posting steep losses of 4.38%, 4.30%, and 3.90%, respectively.
Samsung Electronics, the largest stock by market capitalization, is trading at 158,700 won, down 1.12% from the previous session.
The KOSDAQ Index is trading at 1,108.17, down 41.27 points (3.59%) from the previous session. The index opened at 1,128.57, down 20.87 points (1.82%).


khj91@fnnews.com Reporter Kim Hyun-jung Reporter