South Korean Shares Reverse Gains, KOSPI Falls over 1% as US Midterm Results Loom
8 Articles
8 Articles
On the 4th, as vote counting for the U.S. midterm elections became increasingly likely for the Democratic Party to reclaim both the Senate and the House, the KOSPI suffered from extreme volatility, rising by over 3% during the session before abruptly reversing into a 4% decline. The key agenda of this election, which the domestic stock market focused on, was the regulation of artificial intelligence (AI) data centers, and the implications of the…
The Economic Times
Times of IndiaSouth Korean shares reverse gains, KOSPI falls over 1% as US midterm results loom
South Korean shares reversed early gains as caution ahead of the US midterm election results triggered broad selling. Technology stocks led the decline, while foreign investors offloaded equities worth 1 trillion won amid concerns over global market volatility.
With the U.S. midterm elections beginning the previous night, the KOSPI index is showing a gain of over 2% in early trading on the 4th. This is attributed to the rebound in U.S. semiconductor stocks overnight. As of 9:06 a.m. today, the KOSPI index stands at 5,799.77, up 150.98 points (2.67%) from the previous trading day. The index opened the day at 5,786.13, up 2.43% (137.34 points).
(Seoul = Yonhap News) Reporter Lim Eun-jin = The KOSPI started higher on the 4th.
[Digital Daily Reporter Kang Ki-hoon] The KOSPI closed higher after fluctuating by over 400 points during the vote counting process for the U.S. midterm elections. Although it broke through the 5,800 mark early in the session and then fell to the 5,400 level, it rebounded thanks to buying by individual and institutional investors. According to the financial investment industry on the 4th, the KOSPI closed at 5,683.80, up 35.01 points (0.62%) fr…
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