"Every time it tries to rise, it gets pushed back"... KOSPI falls as much as 3% intraday on foreign net selling [Morning Market Report]

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[The Financial News] The KOSPI is continuing to fall amid net selling by foreign investors.
As of 9:30 a.m. on the 20th, the KOSPI was trading at 7,215.97, down 55.69 points, or 0.77%, from the previous trading day.
The index opened at 7,324.52, up 52.86 points, or 0.73%, from the previous day. However, it briefly fell as much as 217.82 points, or 3.00%, to 7,053.84 as foreign net selling intensified during the session.
In the KOSPI Market, foreigners are selling 863 billion won worth of shares. Based on the previous day's close, they have been net sellers for nine consecutive trading days. Individual investors have sold 7.1 billion won worth of shares so far today, while institutions have bought 807.2 billion won worth.
Large-cap stocks were mostly mixed. Samsung Electronics was up slightly by 0.91%, while SK hynix fell by more than 1%. Hyundai Motor Company (-2.48%) and LG Energy Solution (-1.63%) also declined.
By sector, electricity and gas (-4.97%), securities (-4.60%), and construction (-3.97%) were among the weakest.
The KOSDAQ Index was trading at 1,051.36 at the same time, down 33.00 points, or 3.04%, from the previous trading day.
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dschoi@fnnews.com Choi Du-seon Reporter