Global Market: South Korean stocks under pressure ahead of trade data, Micron results
13 Articles
13 Articles
The KOSPI index closed slightly lower at the 6,870 level on the 29th. Although foreign and institutional investors continued selling pressure due to the previous day's surge in U.S. Treasury yields and instability in international oil prices, buying by individual investors and other corporations offset this. The KOSDAQ index turned positive, driven by buying from individual investors and strength in IT component stocks. On this day, the KOSPI in…
(Seoul = Yonhap News) Reporter Kim Yu-ah = On the 29th, the KOSPI closed lower for the second consecutive day due to negative factors such as a surge in U.S. Treasury yields.
The Economic Times
Times of IndiaGlobal Market: South Korean stocks under pressure ahead of trade data, Micron results
South Korean shares were largely flat as semiconductor gains offset declines across other sectors. Investors awaited September trade data and Micron Technologys earnings for signals on AI-chip demand, while higher oil prices, Treasury yields and foreign selling weighed on the broader market.
KOSPI Slips Near 6,870 Amid Massive Foreign Selling
The won/dollar exchange rate, KOSPI, and KOSDAQ indices are displayed on the electronic board at the dealing room of Hana Bank headquarters in Jung-gu, Seoul on the afternoon of Sept. 29. (Yonhap) On Sept. 29, the domestic stock market closed with a downward trend, taking a direct hit from global unfavorable factors such as the surge in U.S. Treasury yields and the rise in international oil prices. Although volatility expanded to the point where…
[Digital Daily Reporter Kang Ki-hoon] The KOSPI fell for the second consecutive day due to net selling by foreign investors approaching 3 trillion won. Although the index dropped to the 6,780 level during the session as rising U.S. long-term Treasury yields and international oil prices pressured investor sentiment, the decline narrowed as Samsung Electronics rebounded and bargain buying by individual and institutional investors flowed in. Accor…
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