Impact of US Tapering, KOSPI Starts Lower... Retail Investors' 'Buying March' Limits Decline
[Asia Economy Reporter Ji Yeon-jin] On the 17th, the domestic stock market started off in a downward trend due to the impact of discussions on U.S. monetary tightening.
The KOSPI opened at 3,276.20, down 2.48 points (-0.08%) from the previous day, and then widened its losses. While foreigners and institutions were net sellers, individual investors showed buying interest from the start of trading, preventing further declines in the index.
The KOSDAQ also opened down 0.22 points (0.02%) at 998.27.
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Earlier, the U.S. stock market mostly closed lower after the Federal Open Market Committee (FOMC) regular meeting results mentioned the possibility that the Federal Reserve (Fed) might raise interest rates sooner than expected.
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