KOSPI keeps falling as foreign and institutional investors continue heavy selling [fn Afternoon Market]

[The Financial News] The KOSPI has continued to decline during the session, following the activation of a sell-side sidecar.
As of 2:42 p.m. on the 23rd, the KOSPI was trading at 5,436.16, down 5.97% from the previous session.
The KOSPI 200 Index Futures plunged more than 5% during the session, triggering a temporary suspension of program sell orders, known as a sidecar.
Foreign investors led the decline by posting net sales of nearly 4 trillion won in the Stock Market Division of the Korea Exchange. Institutions were also net sellers, offloading about 3.8 trillion won. In contrast, individual investors stepped in to support the downside, recording net purchases of around 7.2 trillion won.
Large-cap stocks by market capitalization were also hit hard. Samsung Electronics was trading at 187,700 won, down 5.87% from the previous session. SK hynix was at 936,000 won, a drop of 7.06%.
The KOSDAQ Index was trading at 1,104.08, down 4.95% from the previous day.

dschoi@fnnews.com Choi Doo-sun Reporter