KOSPI Falls as Investors Remain Cautious Ahead of Chip Earnings
10 Articles
10 Articles
The COSPI index ended below the 5500 mark on the 26th. This is due to growing vigilance as major events such as the Federal Open Market Committee (FOMC), “Samjeon Nix” results announcements, and the US midterm elections await. On that day, the COSPI index ended at 5469.47, down 1.46% (80.82 points) from the previous trading day. The COSPI index fell 0.92% (51.25 points) to 5499.0
KOSPI falls as investors remain cautious ahead of chip earnings
The benchmark KOSPI fell Monday as renewed tensions in the Middle East sent oil prices higher, while investors remained cautious ahead of earnings announcements from Korea's major chipmakers later this week. The KOSPI closed at 5,469.47, down 1.46 percent, or 80.83 points, from the previous session. Foreign investors sold a net 6.955 trillion won ($5.26 billion) worth of shares, while institutional and retail investors bought a net 6.11 trillion…
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On the morning of October 26, the won/dollar exchange rate and the KOSPI and KOSDAQ indices are displayed on the electronic display board of the dealing room at Hana Bank's headquarters in Jung-gu, Seoul. (Yonhap) On October 26, the domestic stock market closed with a sharp decline, unable to withstand the impact of global macroeconomic uncertainty and the massive sell-off by foreign investors that had flowed in since the beginning of the week.…
[Digital Daily Reporter Kang Ki-hoon] The KOSPI fell below the 5,500 mark due to selling pressure from foreign investors. Investor sentiment was dampened by the burden of high oil prices stemming from tensions in the Middle East, as well as caution ahead of U.S. monetary policy and earnings announcements from major tech companies. The KOSDAQ also plunged more than 3%, dropping to the 720 level. According to the Korea Exchange on the 26th, the K…
KOSPI Slides 1.4% Below 5,500 as Foreign Selling Hits Seoul Stocks Ahead of SK Hynix and Samsung Earnings
South Korean stocks fell sharply as foreign investors sold equities ahead of Samsung Electronics and SK Hynix earnings, while global market pressures added to investor caution.
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