Domestic Stock Market Starts Lower Due to US Inflation Impact... Foreign Investors Are 'Buyers'
[Asia Economy Reporter Ji Yeon-jin] The domestic stock market started lower on the 11th due to pressure from high inflation in the United States.
On this day, the KOSPI index opened at 2739.14, up 32.79 points (1.18%), but the decline widened. As of 9:05 AM, the index was trading at 2735.34, down 36.69 points (1.32%) from the previous day. Foreign investors continued their buying spree with a net purchase of 46.9 billion KRW, but institutions sold a net 38 billion KRW and individuals sold a net 7.6 billion KRW, leading the index decline.
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The KOSDAQ also started trading down 10.37 points (1.16%) at 885.31 and fell to -1.32% at the same time. Institutions sold a net 14 billion KRW, individuals sold a net 11.8 billion KRW, while foreign investors were net buyers of 27 billion KRW.
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