KOSPI recovers some of its losses... Foreign investors post net sales of 900 billion won [Financial News afternoon market report]

[Financial News] The KOSPI has recovered some of its sharp early losses, but the outflow of foreign investors is accelerating.
As of 1:05 p.m. on the 8th, the KOSPI was trading at 7,757.13, down 403.46 points, or 4.94%, from the previous session. Shortly after the market opened, trading was halted by a circuit breaker as the index fell as much as 8.80% to 7,442.73.
In the Korea Exchange Main Board Market, foreigners continued their recent selling streak with net sales of 897.7 billion won. Retail investors were net buyers of 551.6 billion won, while institutions were net buyers of 195.2 billion won.
Major stocks by market capitalization are still falling. Samsung Electronics is down 5.55%, and SK hynix is down 2.75%.
The KOSDAQ Index is trading at 939.32, down 63.12 points, or 6.30%, from the previous session.


dschoi@fnnews.com Choi Du-seon Reporter