KOSPI Falls 6% but Trims Losses After Circuit Breaker... KOSDAQ Down 5% [Afternoon Market Report]

[The Financial News] The Korea Composite Stock Price Index (KOSPI) plunged during trading, triggering a circuit breaker at one point, but it is now trimming its losses. The KOSDAQ has also narrowed its earlier 5% drop as retail and institutional funds flow into the market.
As of 2:30 p.m. on the 9th, the KOSPI was trading at 5,222.62, down 362.25 points, or 6.49%, from the previous session.
The index opened at 5,265.37, down 319.50 points (5.72%) from the previous close, and then extended its losses. After a circuit breaker was triggered at around 10:31 a.m., the decline began to ease.
A circuit breaker is a measure that temporarily halts trading in all stocks listed on the KOSPI for 20 minutes when the index plunges 8% or more from the previous closing level and stays at that level for at least one minute.
In the KOSPI Market, individual investors are net buyers of about 4.3799 trillion won. Foreign investors and institutions are net sellers of roughly 3.0905 trillion won and 1.3705 trillion won, respectively.
Most large-cap stocks by market capitalization are in negative territory. Samsung Electronics is down 7.81%, SK hynix 9.42%, Hyundai Motor Company 8.68%, LG Energy Solution 5.96%, and Hanwha Aerospace 3.71%. In contrast, HD Hyundai Heavy Industries is up 4.33%.
At the same time, the KOSDAQ index was at 1,153.31, down 60.65 points (5.25%) from the previous session. The KOSDAQ opened at 1,096.48, down 58.19 points (5.04%), then deepened its intraday losses, triggering a five-minute sell-side sidecar at around 10:31 a.m., but has since pared some of the decline.
On the KOSDAQ, individuals and institutions are net buyers of 446.1 billion won and 112.5 billion won, respectively, while foreign investors are net sellers of 532.8 billion won.

yimsh0214@fnnews.com Im Sang-hyuk Reporter