In the aftermath of the sell-off by foreign investors today (17th), the KOSPI gave up to 2,400 at one point in the early market.



As of 9:35 am today, the KOSPI displayed 2,411.23, down 40.18 points (1.64%) from the previous day.



The index opened at 2,409.72, down 41.69p (1.70%) from the battlefield, and is fluctuating around the 2,400 line.



At one point since opening, it has fallen more than 2% to 2,396.47.



The KOSPI's intraday collapse of 2,400 is the first in over a year and seven months since November 5, 2020 (2,370.85).



Foreigners net sold KRW 167.8 billion in the stock market, leading the index down.



Institutions net bought 148.8 billion won and individuals 11.8 billion won, defending against further declines in the index.



On the 16th (local time), the U.S. stock market plunged after a day of 'relief rally' following the giant step of the Federal Reserve (Fed) (increase by 0.75 percentage points at a time).



This is because fears of a recession caused by a rapid rate hike have resurfaced in the market, relieved by the resolution of uncertainty the day before and the Fed's will to stabilize prices.



The Dow Jones Industrial Average fell 2.42%, giving up the 30,000 level in a year and five months.



The S&P 500 fell 3.25% and the Nasdaq Composite fell 4.08%.



Germany's Frankfurt Stock Exchange's DAX Index (-3.31%), France's Paris Stock Exchange's CAC40 Index (-2.39%), the British London Stock Exchange FTSE100 (-3.14%), and the pan-European Euro Stoxx50 (-2.96%) also showed significant gains. has fallen.



Seo Sang-young, a researcher at Mirae Asset Securities, said, "The fact that stock markets around the world, including the US stock market, fell sharply due to the economic downturn puts a burden on the domestic stock market, which is highly dependent on exports. It seems that the direction will be decided accordingly.”



Samsung Electronics, a large-cap stock, fell 1.81% from the top 10 by market cap to 59,000 won, down to '50,000 electronics' in 1 year and 7 months.



Large-cap stocks such as SK Hynix (-1.64%), LG Chem (-3.08%), Naver (-0.63%), Hyundai Motor (-2.31%), Kakao (-0.83%), and Kia (-2.98%) are falling one after another. .



In particular, Samsung Electronics, Naver, and Kakao also broke new 52-week lows.



By industry, textile/apparel (-1.36%), chemical (-1.62%), steel/metal (-1.80%), machinery (-1.58%), transportation equipment (-1.63%), manufacturing (-1.21%), All sectors, including the service industry (-0.84%), are on a downward trend.



At the same time, the KOSDAQ index fell 18.30 points (2.28%) to 783.85 from the previous day.



(Photo = Yonhap News)