The KOSPI index initially surged over 2% in early trading on expectations of Samsung Electronics' second-quarter preliminary results and the listing of SK Hynix's American Depositary Receipts. However, it reversed course as selling pressure from foreign and institutional investors intensified, causing it to drop below the 8000 mark.
As of 11:07 a.m. on July 6, the KOSPI was trading at 7998.01, down 90.33 points (1.12%) from the previous trading day.
The index opened at 8186.82, up 98.48 points (1.22%), and initially climbed to recover the 8320 level. However, strong selling pressure led to a downturn, with the index falling further below 8000.
In the securities market, individual investors purchased a net 1.6645 trillion won, absorbing the selling. In contrast, foreign and institutional investors sold a net 977.6 billion won and 780.8 billion won, respectively, contributing to the index's decline.
Among the top market capitalization stocks, Hyundai Motor (up 1.22%), Samsung C&T (up 2.54%), Samsung Life (up 0.65%), and Samsung Electronics (up 0.48%) saw gains. Conversely, SK Hynix (down 3.42%), Samsung Electro-Mechanics (down 8.95%), LG Energy Solution (down 2.76%), Samsung Biologics (down 2.18%), and SK Square (down 1.76%) experienced losses.
At the same time, the KOSDAQ index recorded a decline of 32.26 points (3.71%), reaching 836.15.
In the KOSDAQ market, foreign and institutional investors sold a net 280.3 billion won and 91.3 billion won, while individual investors bought a net 377.6 billion won.
Among the top market capitalization stocks, most showed weakness, with the exception of HLB (up 0.31%). Stocks such as Alteogen (down 4.25%), EcoPro BM (down 3.78%), EcoPro (down 2.86%), Rainbow Robotics (down 3.45%), JUSUNG Engineering (down 6.54%), Kolon TissueGene (down 5.87%), Wonik IPS (down 9.47%), and Rino Technology (down 6.36%) all fell.
* This article has been translated by AI.
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