KOSPI Retreats from 7,500 Line…KOSDAQ Breaks 800 Mark

As of 11:25 a.m. on the 8th, the KOSPI recorded 7,526.56, down 129.75 points (1.69%) from the previous trading day. The index started at 7,452.48 and was pushed down to 7,352.89 during the session. At the same time, the KOSDAQ recorded 799.85, down 31.38 points (3.78%) from the previous trading day.

Individuals and foreigners sold a net 578.8 billion won and 469.2 billion won respectively in the KOSPI market. Institutions bought a net 1 trillion 35.9 billion won.

In the KOSPI market, Samsung Life Insurance fell 7.47% and Samsung C&T dropped 5.18%, while LG Energy Solution also slipped 3.77%. In the KOSDAQ market, Anthrogen is trading at 15,350 won, down 29.91%. Shinhan Investment Securities analyzed that the sluggish performance of large-cap stocks, such as Anthrogen and Rainbow Robotics, led to widespread weakness across the KOSDAQ market.