KOSPI Falls 1.5% Intraday to 2350 Level
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[Asia Economy Reporter Eunmo Koo] The KOSPI fell more than 1% intraday, dropping to the 2350 level.
On the 22nd, the KOSPI opened at 2388.14, down 1.25 points (0.05%) from the previous trading day. The KOSPI, which started lower, steadily widened its losses throughout the session. As of 10:35 a.m., it was at 2353.73, down 35.66 points (1.49%) from the previous day.
Looking at trading trends by participant, institutions and foreign investors led the decline, selling a net 120.2 billion KRW and 81.6 billion KRW respectively. Meanwhile, individual investors bought a net 205.7 billion KRW.
Most of the top market capitalization stocks are also falling. Kia Motors, Hyundai Motor, Kakao, NAVER, Hyundai Mobis, and Celltrion are showing relatively large declines.
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The KOSDAQ index is also continuing its decline for the second consecutive day. The KOSDAQ opened at 867.72, up 0.73 points (0.08%) from the previous day, but soon turned downward and widened its losses to around 2%. As of 10:35 a.m., it was at 849.19, down 17.80 points (2.05%) from the previous day.
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