Mixed Market Early on Concerns Over US Interest Rate Hikes... KOSPI in 'Fog'
[Asia Economy Reporter Ji Yeon-jin] The domestic stock market showed mixed trends from the early session on the 18th. This appears to be a spillover effect of fierce buying and selling battles as concerns over rising interest rates intersected with improved economic indicators in the U.S. stock market.
The KOSPI index started trading at 3,131.74, down 1.99 points (0.15%) from the previous day. Although it briefly recovered to 3,139.52 in the early session, as of 9:15 a.m., it was trading at 3,128.77, down 4.96 points. At the same time, individual investors net bought about 93 billion KRW, while foreigners and institutions sold about 53.5 billion KRW and 37.1 billion KRW, respectively.
Hot Picks Today
"Most Americans Didn't Want This"... Americans Lose 60 Trillion Won to Soaring Fuel Costs
- "Striking Will Lead to Regret": Hyundai-Kia Employees Speak Out... Uneasy Stares Toward Samsung Union
- Man in His 50s Arrested for Confining Girlfriend in Car After She Announced Breakup
- Assaulted by Elementary Student During Class... No Protection Due to 'Instructor' Status
- "If You Booked This Month, You Almost Lost Out... Why You Should Wait Until 'This Day' Before Paying for Flight Tickets"
The KOSDAQ started at 980.01, up 0.24 points (0.02%) from the previous day, but turned to a downward trend shortly after the market opened. At the same time, the KOSDAQ was down 0.42%, trading at 975.83. Individual investors net bought 84.3 billion KRW, while foreigners and institutions net sold 60.1 billion KRW and 20.6 billion KRW, respectively.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
