Foreign Institutional Investors Jointly Sell Off, South Korean Stock Market Drops Over 4.5% Below 6300 Points

TechFlow News, August 6, the Korea Composite Stock Price Index (KOSPI) plummeted by over 4.5%, falling to the 6200-point range. Against the backdrop of weak performance by Wall Street tech stocks overnight, foreign investors and institutional investors sold off simultaneously, exerting significant pressure on the index. On the day, the KOSPI index closed at 6296.38 points, down 301.88 points from the previous trading day, a decline of 4.58%.

Foreign investors continued to net sell from the early stages of trading, with net selling volume reaching 3.9781 trillion won on the day. Institutional investors also net sold 235.7 billion won. Individual investors net bought 4.1062 trillion won, absorbing market selling pressure, but this was still insufficient to prevent the index from falling. Semiconductor stocks were directly impacted. Samsung Electronics fell 6.30% compared to the previous trading day, and SK Hynix dropped by 10.37%. In contrast, major secondary battery companies performed relatively resiliently. LG Energy Solution rose 2.83%, closing at 345,000 won. POSCO increased by 0.63%, closing at 319,000 won. (Jin10)