South Korea's KOSPI index closed at 8,051.33 on the 6th, down 0.46% from the previous trading day, after briefly plunging to 7,815.53 during the session before recovering above the 8,000-point threshold in late trading. The decline was driven by heavy selling from foreign and institutional investors, who offloaded 1.31 trillion won and 1.43 trillion won respectively, while individual investors purchased 2.65 trillion won. Foreign investors have maintained a 12-consecutive-day selling streak since the 19th of last month, with cumulative net sales exceeding 38 trillion won through the 6th.
Foreign Investors Record 38 Trillion Won in Net Sales Over 12 Trading Days
Foreign investors extended their selling pressure on the 6th, marking the 12th consecutive trading day of net sales since the 19th of last month. According to Yonhap Infomax Financial Market Composite data, foreign net selling through the 6th surpassed 38 trillion won. On the 6th alone, foreign investors sold 1.31 trillion won, while institutional investors offloaded 1.43 trillion won. Individual investors were the sole net buyers, purchasing 2.65 trillion won.
The KOSPI opened at 8,186.82, up 1.22%, and climbed to the 8,327 level in early trading. However, the index turned negative around 10:46 a.m. and fell to 7,815.53 before narrowing losses in afternoon trading to close above 8,000 points.
Samsung Electronics Rises 2.75% While SK Hynix Falls 3.38%
Large-cap stocks on the main board showed mixed performance. Samsung Electronics gained 2.75%, while SK Hynix declined 3.38%. SK Square fell 5.92% and Samsung Electro-Mechanics dropped 8.09%. Hyundai Motor rose 2.03%, Samsung Life Insurance climbed 2.74%, and Samsung C&T advanced 3.69%.
Hanwha Ocean surged 8% ahead of the announcement of Canada's next-generation submarine project contractor. Defense-related stocks also rose in anticipation of the NATO annual summit, with Hanwha Systems up 7.15% and Korea Aerospace Industries gaining 2.87%.
KOSDAQ Index Declines 2.46% to 847.07
The KOSDAQ index closed at 847.07, down 2.46%. The index opened 0.23% lower than the previous trading day, briefly turned positive, but then reversed to negative territory. It fell to the 825 level at one point before partially recovering losses in late trading.
Institutional investors sold 227 billion won and foreign investors offloaded 44.7 billion won on the KOSDAQ market. Individual investors were net buyers of 269.5 billion won.
Most large-cap KOSDAQ stocks declined. Alteogen fell approximately 3%, while EcoPro BM, EcoPro, and Rainbow Robotics each dropped around 2%. HLB closed nearly flat.
FAQ
What caused the KOSPI to decline on the 6th?
The KOSPI fell 0.46% to 8,051.33 on the 6th due to heavy selling by foreign and institutional investors, who offloaded 1.31 trillion won and 1.43 trillion won respectively. Individual investors were the only net buyers, purchasing 2.65 trillion won.
How long has the foreign selling streak on Korean stocks lasted?
Foreign investors have sold Korean stocks for 12 consecutive trading days from the 19th of last month through the 6th, with cumulative net sales exceeding 38 trillion won during this period.
Which stocks showed strong performance on the 6th?
Hanwha Ocean surged 8% ahead of Canada's submarine project announcement. Defense stocks including Hanwha Systems (up 7.15%) and Korea Aerospace Industries (up 2.87%) also rose in anticipation of the NATO summit. Samsung Electronics gained 2.75%.
