KOSPI Falls Below 8,000 Mark Again After Brief Rebound

The KOSPI, which recovered the 8,000-point mark yesterday, is back on a downward trend today (June 10), falling below the threshold once again.

The KOSPI opened at 7,899.77, down 197.16 points (2.43%) from the previous trading session, and slid as low as 7,858.98 in early trading.

The index is currently maintaining a decline of 1% to 2% during intraday trading.

In the Seoul foreign exchange market, the won-dollar exchange rate opened at 1,525.0 won, up 12.9 won from the previous close.

Institutions and foreign investors are the primary drivers behind the index's decline.

In the KOSPI market, institutions are net sellers, offloading 19.5 billion won worth of shares.

Foreign investors are also net sellers, with 596.9 billion won in net sales, marking their 23rd consecutive trading day of selling since May 7.

In contrast, individual investors are net buyers, recording 587.7 billion won in net purchases.

In the KOSPI 200 futures market, individual and foreign investors are net sellers of 74.6 billion won and 108 billion won, respectively, while institutions are net buyers of 183.9 billion won.

Overnight, the three major U.S. stock indices closed mixed as volatility increased in the New York market due to renewed tensions in the Middle East and concerns over the high valuation of AI-related tech stocks.

The Dow Jones Industrial Average rose 0.17%, while the S&P 500 and the tech-heavy Nasdaq Composite fell 0.26% and 0.97%, respectively.

Major tech stocks such as Broadcom (-1.12%) and Nvidia (-0.22%) declined, and the Philadelphia Semiconductor Index, which fluctuated by as much as 8.62% during the session, pared its losses to close 1.93% lower.

Seo Sang-young, an analyst at Mirae Asset Securities, noted, "The U.S. stock market saw selling pressure centered on the semiconductor sector following news that Crusoe, a large-scale data center developer, had halted a project."

Market sentiment was also dampened by U.S. President Donald Trump’s warning of a strong response after claiming that Iran had shot down a U.S. military Apache helicopter patrolling the Strait of Hormuz.

However, toward the end of the session, the market showed signs of stabilization as investors focused on President Trump’s remarks suggesting that U.S.-Iran negotiations were imminent.

(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.