South Korea’s KOSPI Narrows Losses to Under 4% After Trading Resumes
5 Articles
5 Articles
The KOSPI, which triggered a circuit breaker immediately upon opening on the 6th, narrowed its losses and recovered the 5,100 level. Buying by financial institutions and individual investors is absorbing the fierce selling pressure from foreign investors. As of 11:27 AM on this day, the KOSPI index was trading at 5,150.15, down 233.65 points (4.34%) from the previous trading day. The index, which opened lower, plunged 8% in just three minutes, f…
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Despite a massive selling spree by foreign investors, the domestic stock market barely managed to hold on, bolstered by buying from individual and institutional investors. Although foreign investors sold off over 23 trillion won worth of stocks in the securities market over the past month, individuals, institutions, and other corporations absorbed the sell orders, preventing a sharp decline in the index. However, concerns are rising that there m…
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