S. Korean stocks slide on Friday morning… KOSPI falls below 2,000 in 7 months
- 5 years ago
코스피 1%대 하락 출발…7개월만에 2,000선 붕괴
South Korean stocks have now wiped out all their gains for the year.
The benchmark KOSPI closed today below the 2-thousand-point mark for the first time since the first days of January.
It fluctuated and looked like it might recover, but in the end closed down more than 9-tenths of a percent... at 19-98.
Foreign investors net sold more than 420 billion won worth of shares, but local institutions and individuals bought up more than 400 billion won worth themselves.
The secondary Kosdaq index was sharply lower as well.
It closed down more than 1 percent at 616.
The Korean won weakened sharply against the U.S. dollar, ending the day at 1-thousand-1-hundred-96 won to the greenback.
South Korean stocks have now wiped out all their gains for the year.
The benchmark KOSPI closed today below the 2-thousand-point mark for the first time since the first days of January.
It fluctuated and looked like it might recover, but in the end closed down more than 9-tenths of a percent... at 19-98.
Foreign investors net sold more than 420 billion won worth of shares, but local institutions and individuals bought up more than 400 billion won worth themselves.
The secondary Kosdaq index was sharply lower as well.
It closed down more than 1 percent at 616.
The Korean won weakened sharply against the U.S. dollar, ending the day at 1-thousand-1-hundred-96 won to the greenback.