KOSPI Opens at 5,488, Plunging 3.2%... KOSDAQ Also Down 2.7%
4 Articles
4 Articles
The domestic stock market opened with a sharp decline. The aftermath of the shock from the Philadelphia Semiconductor Index recording its longest downward trend since the 2008 financial crisis appears to be impacting the Korean market. However, the decline in the indices is narrowing somewhat as foreign and institutional investors are net buying in both the KOSPI and KOSDAQ markets. This is interpreted as a rebound in buying following the sharp …
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The KOSPI index fell below the 5,600 mark, showing a decline in the 1% range early in the session. The KOSDAQ is showing a slight downward trend in early trading.
[Digital Daily Reporter Kang Ki-hoon] The KOSPI opened lower following the plunge in US semiconductor stocks. The index, which had rebounded after the circuit breaker was triggered last week, fell below the 5,500 mark in early trading as concerns surrounding the artificial intelligence (AI) industry intensified again. Although it narrowed its losses later due to buying by foreign and institutional investors, it continues to show weakness. Accor…
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