KOSPI Plunges 4.58% as Foreign Institutions Sell 3.98 Trillion Won

KOSPI drops 4.58% to 6,296 points amid coordinated foreign and institutional selling totaling 4.21 trillion won, while retail buying fails to offset the decline.

Woofun AI reports that the Korea Composite Stock Price Index fell 4.58% to close at 6,296.38 points, driven by simultaneous selling from foreign and institutional investors. Foreign entities recorded net sales of 3.9781 trillion Korean won, while institutions sold a net 235.7 billion won. Retail investors provided counter-pressure with net purchases of 4.1062 trillion won, yet this volume proved insufficient to prevent the index from breaking below the 6,300-point threshold. Semiconductor equities suffered significant losses, with Samsung Electronics down 6.30% and SK Hynix dropping 10.37%. Conversely, secondary battery stocks showed resilience, as LG Energy Solution rose 2.83% to 345,000 won and POSCO Holdings gained 0.63% to 319,000 won.