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Kospi collapses during intraday 3,000, sells 3 trillion won for foreigners and institutions

Input 2021.02.26 13:55 | Revision 2021.02.26 13:56

The KOSPI index fell below the 3000 line during the intraday on the 26th. Foreigners and institutional investors are net selling stocks worth over 3 trillion won.

As of 1:44 pm on the day, the KOSPI index is recording 2999.78, down 3.22% (99.91 points) from the previous day. The KOSPI index fell by more than 2% at the beginning of the market and then began to fall below the 3000 line at 1:31 pm as the decline increased.

By investor, individuals are net buying 3,354 trillion won, while foreigners and institutions are net selling 1,6331 trillion won and 1.4574 trillion won, respectively.

As the US Treasury bond rate rose to more than 1.6% during the day before, the scale of funding out of emerging countries is increasing. Japan’s Nikkei 225 Index also fell 3.05% at the same time, and China’s Shanghai Composite Index also fell 1.84%.

Lee Kyung-min, a researcher at Daishin Securities, said, “As foreigners sell futures, the price of futures has fallen. Accordingly, institutional investors are buying and selling futures in a program that sells in-kind.” Seems to be,” he said.

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