KOSPI Loses Early Gains as US Tech Rally Fails to Lift Market
7 Articles
7 Articles
(Seoul = Yonhap News) Reporter Kim Yu-hyang = The KOSPI started higher on the 23rd driven by strength in U.S. tech stocks, but narrowed its gains as foreign investors switched to net selling during the session...
The KOSPI index, which started higher, closed slightly higher after exhibiting a "strong opening, weak closing" trend. Although the index opened more than 2% higher and broke through the 7,100 mark during the morning, it gave back most of its intraday gains. On the 22nd, the KOSPI index closed at 7,017.91, up 0.15% (10.19 points) from the previous trading day. The index, which started the day at 7,161.61, up 2.20% (153.89 points),
[Digital Daily Reporter Kang Ki-hoon] The KOSPI surged more than 2% in early trading, breaking through the 7,170 mark, but gave back most of its gains in the afternoon. Driven by strong performance in US artificial intelligence (AI) and semiconductor stocks, Samsung Electronics and SK Hynix pushed the index up in the early session; however, profit-taking selling pressure emerged, and institutions turned to net selling, causing the index to barel…
KOSPI Gives Back Early Surge, Holding Just Above 7,017
On the afternoon of Sept. 22, the won-dollar exchange rate, KOSPI and KOSDAQ indices are displayed on the electronic board at the dealing room of Hana Bank headquarters in Jung-gu, Seoul. (Yonhap) The domestic stock market on Sept. 22 showed an explosive rebound in early trading driven by the strength of global tech stocks, but gave back most of its gains due to improving supply and demand and the emergence of profit-taking sales during the sess…
The Asian exchanges closed close to stability on Tuesday (22), amidst the recovery of oil prices after recent losses and despite yesterday's rally on Wall Street. The South Korean Kospi index rose 0.15% in Seoul to 7,017,91 points. In Hong Kong, the Hang Seng advanced 0.18%, to 25,087,75 points, while the Taiex [...]
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