Economy News Shares

KOSPI fell below 3200 for the first time since May


KOSPI ended the day at 3171.29, down 37.09 points (1.16%) from the previous trading day (3208.38). KOSDAQ ended the day at 1040.78, down 13.31 points (1.26%) from the previous trading day (1054.09).

The won-dollar exchange rate closed at 1169.0 won on the Seoul foreign exchange market, up 7.8 won from the previous trading day (1161.2 won).

Individuals purchased 2.804 trillion won while institutions sold 165 billion won.

The KOSPI closed at 3171.29 on the 13th, down 37.09 points (1.16%) from the previous day. The index closed below the 3,200 line for the first time in about two and a half months, since May 27.

The index opened at 3205.75, down 0.08 percent from the previous day, and continued to fall.

The stock market saw foreigners sell 2.69 trillion won worth of shares for the fifth day in a row: In one day, foreigners made a net sale of more than 2 trillion won for the first time since May 12 (2.704 trillion won).

Samsung Electronics was the most prominent company with the highest market capitalization. Shares of Samsung Electronics closed at 74,400 won, down 3.38 percent from the previous day, renewing the year’s low after the 12th.

Stock in SK hynix, which experienced a sharp decline for six consecutive days from the 5th to the 12th, closed at 101,500 won, up 1% from the previous day, barely holding onto 100,000 won per share.

Celltrion (-2.13%), Kia (-1.62%) and Kakao (-1.02%) all fell, while Kakao Bank (3.79%), LG Chem (2.05%) and Samsung Biologics (1.13%) rose.

All sectors except for nonmetallic minerals, banks, and insurance were weak. Manufacturing (-3.15%), Electrical & Electronics (-2.43%), and Transportation Warehouses (-2.12%).

KOSDAQ Index sharp fall.
KOSDAQ closed at 1040.78, down 13.31 points (1.26%) from the previous day.

The index opened at 1054.28, up 0.02% from the previous day, but quickly declined.

KOSDAQ shares were also sold by foreigners and institutions for 138.7 billion won and 116.4 billion won, respectively. A total of 282.2 billion won was spent by individuals.

For MetaNews.


Jonathan Hobbs

Jonathan Hobbs is an Australian investor and author that trades on a variety of asset classes, including currencies, equities, and commodities. Jonathan’s experience as a macro trader leverages his unique writing style to combine important elements, such as technical analysis and news. The other elements that he brings into his unique writing styles are foundation analysis aimed at rational equilibrium values, evaluating the sizes and motivations of buyers and sellers, as well as identifying the needs of the buyers and sellers in the individual markets. Jonathan is committed to quality writing for new traders as well as veterans.

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