KOSPI Falls on Higher Oil Prices, Global Bond Yields
7 Articles
7 Articles
Foreigners and Institutions Net Sell 4 Trillion Won… KOSPI Drops 1.7%, Barely Holding the 6,900 Mark
On the 11th, the KOSPI closed lower as simultaneous selling pressure from foreign and institutional investors mounted amidst the double whammy of high oil prices and high interest rates stemming from deepening geopolitical risks. The KOSPI index closed at 6,909.91, down 124.01 points (1.76%) from the previous trading day. The index opened at 6,802.50, plunging 231.42 points (3.29%) from the previous close, and at one point in early trading, it e…
KOSPI falls on higher oil prices, global bond yields
The KOSPI edged lower Friday amid rising oil prices as renewed geopolitical tensions in the Middle East fueled concerns over inflation. The benchmark index opened 3.29 percent lower at 6,802.50 and pared some of its losses in afternoon trading before closing at 6,909.91, down 1.76 percent from the previous session. Foreign investors sold a net 2.29 trillion won ($1.70 billion) worth of shares, while institutional investors sold a net 1.22 trilli…
(Seoul = Yonhap News) Reporter Lim Eun-jin = On the 11th, the KOSPI fell more than 1.7%, giving up the 7,000 mark on a closing basis for the first time in three trading days.
[Digital Daily Reporter Kang Ki-hoon] The KOSPI fell by over 1% due to the impact of soaring international oil prices and U.S. Treasury yields. Although it dropped to the 6,800 level in early trading as foreign and institutional investors net sold over 3.5 trillion won, it recovered to the 6,900 level as buying by retail investors flowed in. According to the Korea Exchange on the 11th, the KOSPI closed at 6,909.91, down 124.01 points (1.76%) fr…
On the afternoon of September 11, the won/dollar exchange rate and the KOSPI and KOSDAQ indices are displayed on the electronic display board of the dealing room at Hana Bank's headquarters in Jung-gu, Seoul. (Yonhap) On September 11, the domestic stock market was severely shaken as it faced a triple whammy of rising US Treasury yields, oil price instability, and a sharp decline in tech stocks on the New York Stock Exchange. Pushed by fierce si…
Amid concerns over soaring international oil prices and interest rates, the KOSPI fell by more than 1.7% on the 11th, closing below the 7,000 mark for the first time in three days. According to the Korea Exchange, the KOSPI closed at 6,909.91, down 124.01 points (1.76%) from the previous trading day. The index, which started at 6,802.50—down 3.29% from the previous day—narrowed its losses due to buying by individual investors and other corporati…
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