KOSPI slump accelerates as foreign and institutional investors dump shares [fn Afternoon Market Report]

According to Financial News, the Korea Composite Stock Price Index (KOSPI) is falling during intraday trading as foreign and institutional investors turn into heavy net sellers.
As of 1:41 p.m. on the 5th, the KOSPI was trading at 5,184.99, down 186.11 points, or 3.47%, from the previous session.
Earlier in the session, the index at one point plunged 228.90 points, or 4.26%, to 5,142.20, briefly slipping below the 5,200 level.
In the KOSPI Market, foreign investors are selling a net 4.8652 trillion won worth of shares. Institutions are also recording large net sales of more than 2 trillion won, while individual investors are net buyers of about 6.6705 trillion won.
Most large-cap stocks by market capitalization are declining. Samsung Electronics and SK hynix are weak, down 4.97% and 5.11%, respectively, while Hyundai Motor (-3.08%) and LG Energy Solution (-1.74%) are also trading lower.
By sector, electrical and electronics are down 4.77%, transportation equipment and parts 4.36%, and manufacturing 4.11%.
At the same time, the KOSDAQ Index was trading at 1,116.12, down 33.31 points, or 2.90%, from the previous day.

dschoi@fnnews.com Choi Doo-sun Reporter