Foreign and Institutional Selling Pushes South Korea’s KOSPI Below 5,500
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KOSPI Falls More Than 3%, Barely Holding 5,500 Level
The KOSPI, KOSDAQ, and won-dollar exchange rate are displayed on the dealing room board at Hana Bank’s head office in Jung-gu, Seoul, on Oct. 22, as the KOSPI recorded a decline of more than 3% again, closing out the regular trading session. (Yonhap) On Oct. 22, the domestic stock market failed to maintain the strong rebound from the previous day and reversed to a sharp decline as a heavy bomb of selling poured out, centered on large-cap semicon…
The KOSPI, which had successfully rebounded the previous day with a surge of over 3%, returned to a sharp decline in the 3% range in just one day. Volatility in the domestic stock market is increasing, with the index falling by more than 3% on three occasions in the past six trading days alone. According to the Korea Exchange on the 22nd, the KOSPI closed at 5,533.77, down 201.89 points (3.52%) from the previous trading day. After giving up the…
The KOSPI closed down in the 3% range, pressured by institutional selling. On the 22nd, the KOSPI fell 201.89 points (3.52%) from the previous day to 5,533.
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