KOSPI Turns Down in the Afternoon... Foreigners 'Sell' as Institutions Join In

[Asia Economy Reporter Ji Yeon-jin] On the 10th, the KOSPI index, which started with a rebound, turned to a downward trend in the afternoon. The KOSDAQ also recovered the 900-point level shortly after the market opened but retreated to the 800-point range after turning downward.

The KOSPI began its decline around 1:03 AM and as of 1:30 PM, it recorded 2,965.56, down 10.90 points (0.37%). Earlier, the index started trading at 2,980.76, up 4.64 points (0.16%) from the previous day, and expanded its gains to 1% in the early session. However, due to the strengthening of the won-dollar exchange rate and concerns over Chinese variables, foreign investors continued selling, causing the index to falter. On this day, individual investors bought about 394.5 billion KRW, while institutions and foreigners sold about 248.7 billion KRW and 145 billion KRW respectively, leading the index downward.

Earlier, the index started trading at 2,980.76, up 4.64 points (0.16%) from the previous day, and expanded its gains to 1% in the early session. However, due to the strengthening of the won-dollar exchange rate and concerns over Chinese variables, foreign investors continued selling, causing the index to falter.

The KOSDAQ is trading at 893.17, down 3.08 points (0.34%). Individuals net bought 200.1 billion KRW, while foreigners and institutions sold 149.2 billion KRW and 47.5 billion KRW respectively.

The KOSPI index began its decline around 1:03 AM and as of 1:30 PM, compared to the previous day...

This content was produced with the assistance of AI translation services.