National Pension Service Resumes Stock Weighting Adjustments; KOSPI Falls

The National Pension Service (NPS) has begun adjusting its domestic stock holdings. Due to a sharp rise in the KOSPI market, the NPS's domestic stock proportion had increased to approximately 30%, exceeding the maximum allowable limit of 28.8%, prompting the commencement of adjustment work.

On the day, the NPS net sold 217.8 billion won worth of stocks on the KOSPI market and net bought 49.8 billion won worth on the KOSDAQ market. The chairman of the NPS stated that the pension fund's rebalancing would not pose a 'selling spree'.

The KOSPI closed at 8,303.41, down 173.07 points (-2.04%) from the previous trading day. The KOSDAQ index closed at 929.35, up 13.17 points (1.44%). Foreign investors net sold over 1.7 trillion won on the KOSPI market.