KOSPI Falls 8% on Heavy Foreign Selling [fn Afternoon Market Report]

[Financial News]  KOSPI (Korea Composite Stock Price Index) fell more than 8% on the 26th amid heavy foreign selling, dropping to the 8,100 level.
As of 1:50 p.m. that day, KOSPI was trading at 8,183.08, down 747.22 points, or 8.37%, from the previous session.
The index opened at 8,813.18, down 117.12 points, or 1.31%, from the previous session, and widened its losses.
A sell-side sidecar was triggered at around 11:18 a.m., followed by a circuit breaker at around 12:10 p.m. This came after KOSPI remained more than 8% below the previous day's closing index for one minute, which triggered the circuit breaker.
As a result, trading in all stocks listed on the KOSPI Market was temporarily suspended, and trading in stock-related futures and options markets was also halted.
In the domestic stock market, individual investors are buying 6.3604 trillion won worth of shares, while foreigners and institutions are selling 5.3159 trillion won and 1.2154 trillion won worth, respectively.
All 14 of the market-capitalization leaders are in decline.
The steepest declines were seen in SK Square (-11.59%), SK hynix (-10.83%), Doosan Enerbility (-9.34%), Samsung Electronics (-9.21%), and LG Energy Solution (-7.60%).
The KOSDAQ Index was trading at 839.04, down 48.77 points, or 5.49%, from the previous session.
The index opened at 884.43, down 3.38 points, or 0.38%, while the won–dollar exchange rate opened at 1,547.3 won, up 4.6 won from the previous day.
khj91@fnnews.com Kim Hyun-jung Reporter