[서울신문] Kospi plummeted 2% after foreign sales pump … Big Hit and LG Chem plummeted



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Uncertainties such as the reproliferation of Corona 19 in the US and Europe
Foreigners sell about KRW 1 billion bombs
Net purchase from individuals of 1.4 trillion won
LG Chem, Big Hit, etc.

KOSPI closes 2.5% ... With 2,260 cars in recall, employees are working at Hana Bank's headquarters in Myeong-dong, Seoul on the 30th. On this day, the KOSPI finished at 2,267.15, 59.52 points (2.56%) less than the day before.  2020.10.30 Yonhap News

▲ KOSPI closes fall of 2.5% … Withdrawal to 2,260 units
On the 30th, employees are working at Hana Bank’s headquarters in Myeong-dong, Seoul. On this day, the KOSPI ended at 2,267.15, 59.52 points (2.56%) less than the previous day. 2020.10.30 Yonhap News

The KOSPI fell sharply in the march of foreigners and institutions. In particular, foreign investors have lowered investor confidence by pouring in close to 1 trillion won.

According to the Korean Stock Exchange on the 30th, the KOSPI closed at 2,267.15, 59.52 points (2.56%) less than the previous trading day. It has only been a month since the 25th of last month (2278.79) that the KOSPI fell below 2300. The KOSPI started at 2319.56, down 7.11 points (0.31%), and the fall increased by the afternoon. KOSDAQ ended at 792.65, 21.28 points (2.61%) less than the previous trading day.

On the KOSPI, as uncertainties such as the US presidential election emerged next week and the reappearance of Corona 19 in Europe, foreigners sold 994 billion won and institutions sold 458 billion won. On the other hand, individuals bought 1.4149 million won. On this day, the individual’s net purchase was the highest since August 31 (1,569.5 billion won).

Despite the recent publication of good economic indicators, it is analyzed that the concerns of the United States and Europe about the economic slowdown due to the reproliferation of Corona 19 and the uncertainties caused by the US presidential elections were affected. Seo Jeong-hoon, Senior Researcher at Samsung Securities, said: “Volatility has increased due to the strengthening of containment measures following the spread of Corona 10 and the uncertainty of the US presidential elections.

Among the top stocks by market cap, LG Chem, which decided to split the battery business at an extraordinary general meeting of shareholders earlier this day, closed the deal at 611,000 won, down 6.14% from the previous trading day. LG Chem Woo preferred shares (-4.32%) also fell.

In addition, Big Hit Entertainment, which launched the volume of foreign institutions and funds, also closed the deal at 142,000 won, down 9.55% from the previous trading day. The difference between the public offering price of 135,000 won and 7,000 won (5.19%).

Big Hit announced the day before that China Venture Capital Legend Capital will list the convertible convertible preferred shares held in Wellblink’s name on November 3. Of the 1,77,568 shares they own, 888,784 shares will be listed, half of them, and the remaining half will remain mandatory until April 14 of next year. Furthermore, the share price plummeted as the 205,463 shares assigned by the institution in the public offering were released from mandatory holdings and went on the market that day.

Reporter Hong In-ki [email protected]

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