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KOSPI Plunges 5.34% to 7,860 Level... Samsung Electronics, SK Hynix, and Other Top Market Cap Stocks Decline Together

On the morning of the 2nd, the domestic stock market is falling sharply, swept up by concerted selling from foreign investors and institutions. The KOSPI has be

Wooil Shim
Staff Reporter
4 min read
KOSPI Plunges 5.34% to 7,860 Level... Samsung Electronics, SK Hynix, and Other Top Market Cap Stocks Decline Together
CBC News

On the morning of the 2nd, the domestic stock market is falling sharply, swept up by concerted selling from foreign investors and institutions. The KOSPI has been pushed back to the 7,800 level, and the KOSDAQ has also plummeted by more than 4%, signaling a rapid freezing of investor sentiment.

In particular, compared to the previous trading day, the KOSPI is currently recording 7,860.13, down 443.28 points (5.34%). The KOSPI 200 index is at 1,258.91, down 76.45 points (5.73%), while the KOSDAQ is trading at 890.69, down 38.66 points (4.16%).

Selling pressure is spreading across the broader market. On the Korea Exchange, only 144 stocks advanced while 701 declined. In the KOSDAQ market as well, declining stocks overwhelmingly outnumbered advancing ones, with 253 gainers and 1,365 losers. Notably, foreign investors launched a massive sell-off exceeding 1 trillion won.

Large-cap stocks by market capitalization also crumbled. Semiconductor leaders Samsung Electronics and SK Hynix both showed weakness, and Hyundai Motor also could not avoid selling pressure. Financial stocks such as Shinhan Financial Group and Samsung Life Insurance also failed to escape the downward trend, further driving the index lower.

The prevailing analysis in the market is that foreign investors' simultaneous selling in the spot and futures markets, along with a risk-off sentiment, have contracted investor sentiment. Investors are closely watching, as external variables and supply-demand changes ahead are expected to be key factors in determining the short-term direction of the market.

[This article was written with AI assistance. The article is based on public market information and data from the Korea Exchange and other sources, and serves only as reference material for investment decisions. It does not constitute a buy or sell recommendation or investment solicitation for any specific stock. The final judgment and responsibility for stock investments rest with the investor.]

Wooil Shim
Staff Reporter

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