Business · Markets · 16 hrs ago
KOSPI recovers from early fall as foreign investors continue selling
South Korea’s KOSPI edged up 0.14% in early trading on Nov.
9, reaching 5,067.
The index had opened down 0.50% at 5,034.20 and briefly fell below 5,000 before recovering some losses.
The movement came despite a rebound in US semiconductor stocks, as foreign investors continued net selling on the South Korean market.
Foreign investors sold shares worth more than 400 billion won, according to the figures reported.
Institutions and individual investors bought shares, with net purchases of more than 200 billion won and 150 billion won, respectively.
Their buying helped support the index, but the market remained near the flat line in early trading.
The KOSPI recovered some losses after opening lower on Nov. 9.
At 9:25 a.m., the index was up 0.14% at 5,067.00 from the previous trading day.
It opened down 0.50% at 5,034.20 and briefly fell below 5,000 to 4,990.66.
Institutional and individual investors were net buyers, while foreign investors continued selling.
- Who
- Foreign investors continued net selling, while institutional and individual investors were net buyers.
- What
- The KOSPI recovered part of its early fall and traded slightly higher.
- When
- Nov. 9, at 9:25 a.m.
- Where
- The KOSPI, South Korea’s benchmark stock index.
- Why
- Not stated.
This story does not have two clearly opposing sides.
The KOSPI opened down 0.50% at 5,034.20.
The index briefly fell to 4,990.66, below 5,000.
The KOSPI had recovered to 5,067.00, up 0.14% from the previous trading day.
- KOSPI at 9:25 a.m.
- 5,067.00, up 0.14%
- Opening level
- 5,034.20, down 0.50%
- Lowest reported level
- 4,990.66
- Institutional net buying
- More than 200 billion won
- Individual net buying
- More than 150 billion won
- Foreign net selling
- More than 400 billion won