[Closing Market] KOSPI Retreats to 6,830 Level Amid Stable FX Rate
On Sept. 30, the last trading day of September, the domestic stock market closed lower, weighed down by simultaneous selling from foreign and institutional investors. Backed by early rebound attempts from large-cap semiconductor stocks, the market attempted to recapture the 6,900 and 7,000 levels, b
On September 30, the final trading day of September, South Korea's KOSPI stock market closed at 6,838.04, down 0.48% from the previous day. The index faced selling pressure from both foreign and institutional investors, with foreign investors netting 2.52 trillion won and institutions netting 768 billion won. Meanwhile, individual investors managed to buy more than 3 trillion won, partially offsetting the sell-off.
The KOSDAQ market, however, exhibited a more resilient performance, closing at 855.91, up 0.72% from the prior day. The exchange rate between the won and the US dollar fell to 1,352.80 won, down 3.9 won from the previous day, as foreign net selling in the stock market intensified. Experts suggested that for the KOSPI to recover and reach the 7,000 level, foreign supply and demand should support major semiconductor stocks like Samsung Electronics and SK hynix.
Written by urgent.news from BusinessKorea's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
