Foreign Investors Dump 3 Trillion Won, Institutions 1 Trillion Won as KOSPI Falls to the 7,500 Level [fn Afternoon Market Update]

[Financial News] The KOSPI fell to the 7,500 level amid heavy selling by foreign investors and institutions.
As of 2:45 p.m. on the 10th, the KOSPI was trading at 7,565.02, down 6.57% from the previous trading day. The index opened at 7,899.77, down 2.43% from the previous session, and has since widened its losses.
In the KOSPI Market, individual investors were the only net buyers, purchasing 4.8383 trillion won worth of shares. Foreign investors and institutions were net sellers, offloading 3.4445 trillion won and 1.5627 trillion won, respectively.
Most large-cap stocks were also lower. Samsung Electronics (-6.99%), SK hynix (-9.26%), SK Square (-8.67%), Samsung Electro-Mechanics (-9.85%), and Hyundai Motor Company (-7.67%) all fell. HD Hyundai Heavy Industries rose 3.10%.
Most sectors were also in decline. IT services (-7.77%), electricity and electronics (-7.52%), insurance (-6.97%), manufacturing (-6.25%), and finance (-4.45%) posted the steepest losses. Real estate (2.42%), textiles and apparel (2.00%), and construction (1.26%) were among the gainers.
At the same time, the KOSDAQ was trading at 936.97, down 3.19% from the previous session. The index opened at 958.58, down 9.23 points, or 0.95%, from the previous trading day, briefly turned higher, and then reversed course.
On the KOSDAQ, individual investors were the only net buyers, purchasing 135.7 billion won worth of shares. Foreign investors and institutions were each net sellers of 68.2 billion won.

yimsh0214@fnnews.com Lim Sang-hyuk Reporter