KOSPI Reverses to a More Than 2% Intraday Drop... KOSDAQ Plunges 3.9% [Morning Market Update]

[Financial News] KOSPI and KOSDAQ both fell on the 3rd.
As of 9:30 a.m. that day, KOSPI was trading at 7,491.25, down 156.84 points, or 2.05%, from the previous session.
KOSPI opened at 7,739.75, up 91.66 points, or 1.20%, from the previous day, but later turned lower as foreign selling intensified.
At the same time, the KOSDAQ index was trading at 832.56, down 34.16 points, or 3.94%, from the previous day. KOSDAQ also fell 62.63 points, or 6.74%, on the 2nd.
Samsung Electronics was trading at 288,000 won, up 0.70% from the previous session, while SK hynix was trading at 2,111,000 won, down 3.48% from the previous day.
In the Korea Exchange Main Board, foreigners were net sellers of 844.9 billion won at the time. Individuals and institutions, meanwhile, were net buyers of 666.4 billion won and 137.4 billion won, respectively.
In the KOSDAQ market, foreigners were also net sellers of 58.7 billion won, while individuals and institutions were buying 24.2 billion won and 22.2 billion won, respectively.


dschoi@fnnews.com Choi Doo-sun Reporter