KOSPI Falls 1%... Drops to 2170 Level
Impact of Foreign and Institutional Selling Pressure
[Asia Economy Reporter Minwoo Lee] The KOSPI fell 1% due to selling pressure from foreigners and institutions.
According to the Korea Exchange on the 16th, as of 2:38 PM, the KOSPI index recorded 2179.62, down 1.01% from the previous day. It started at 2203.30, similar to the previous day, but has gradually declined since the market opened.
Selling by foreigners and institutions pulled the index down. At the same time in the KOSPI market, foreigners and institutions net sold 126.9 billion KRW and 204.5 billion KRW, respectively. Meanwhile, individuals net bought 313.8 billion KRW.
The KOSDAQ index also showed a downward trend. At the same time, it recorded 770.73, down 1.35% compared to the previous session. It has steadily declined since the market opened.
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Again, selling pressure from foreigners and institutions was significant. In the KOSDAQ market, foreigners and institutions net sold 178.8 billion KRW and 160.2 billion KRW, respectively, while individuals purchased 388.7 billion KRW.
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