Foreign Investors Suddenly Turn Net Sellers of 1 Trillion Won; KOSPI Falls Over 1% in Afternoon Trade

[Financial News] The Korea Composite Stock Price Index (KOSPI) is trading lower as foreign investors turn net sellers.
As of 1:10 p.m. on the 9th, the KOSPI was down 94.99 points, or 1.62%, from the previous session at 5,777.35.
The index opened at 5,826.45, down 45.89 points (0.78%) from the previous day. During the session, it fell as much as 104.56 points (1.78%) to an intraday low of 5,767.78.
In the Korea Exchange Securities Market, foreign investors are net selling about 1.02 trillion won worth of shares. In contrast, retail investors and institutions are net buying roughly 101.7 billion won and 622.6 billion won, respectively.
Most large-cap stocks by market capitalization are declining. Samsung Electronics is down 3.56%, while SK hynix is off 3.39%. Hyundai Motor is also trading 1.87% lower.
By sector, insurance stocks are the weakest, down 3.17%, followed by electrical and electronics at 2.66% lower.
The KOSDAQ Index is trading at 1,073.07, down 16.78 points (1.54%) from the previous day.

dschoi@fnnews.com Choi Doo-sun Reporter