KOSPI Slips to the 8,600 Level...Foreign Investors' Aggressive Net Selling Reaches 122 Trillion Won This Year [Afternoon Market Report]
- Input
- 2026-06-02 14:18:12
- Updated
- 2026-06-02 14:18:12
[The Financial News] On the 2nd, KOSPI fell to the 8,600 level as aggressive selling by foreign investors overshadowed its approach to the 9,000 mark.
As of 2:11 p.m. that day, KOSPI stood at 8,688.92, down 99.46 points, or 1.13%, from the previous session. The index opened at 8,883.19, up 94.81 points, or 1.08%, and briefly broke above the 8,900 level for the first time in history early in the session. However, it reversed course almost immediately after crossing that threshold, unable to withstand the intense selling pressure from foreign investors.
Foreign investors have been net sellers in the main bourse for 18 consecutive sessions. According to Koscom CHECK, they sold a net 122.6 trillion won worth of KOSPI shares over the roughly five months from Jan. 2 through the 1st of this month.
They were also net sellers of 6.2713 trillion won in the domestic main market on the day, dragging the index lower. In contrast, individual and institutional investors bought a net 6.0189 trillion won and 2.652 trillion won, respectively, helping support the market.
Among the 14 largest stocks by market capitalization, Samsung Life Insurance (7.65%), SK Square (3.18%), Samsung Electronics (2.15%), Samsung C&T Corporation (1.32%), and HD Hyundai Heavy Industries (1.02%) were among the strongest performers.
On the other hand, Samsung Electro-Mechanics (-11.27%), Doosan Enerbility (-6.27%), Hyundai Motor Company (-3.47%), and LG Energy Solution (-3.08%) were among the biggest decliners. Market experts advised investors to keep a close eye on volatility in semiconductor-related stocks for the time being.
Min Kyu Kim, a researcher at KB Securities, said, "The rise in Korean semiconductor stock prices has surpassed levels never seen before in history," adding, "Bubbles extend the lifespan of leading stocks."
He also cautioned that investors should remember that "the market is not easy when it comes to additional gains," noting that volatility could remain high.
KOSDAQ was trading at 1,022.50, down 27.53 points, or 2.62%, from the previous session. The index opened at 1,044.89, down 5.14 points, or 0.49%, that day.
[email protected] Kim Hyun-jung Reporter