KOSPI falls for 6th session, barely holds above 6,000
The KOSPI erased an intraday rebound of more than 2 percent Wednesday to close lower for a sixth consecutive session, barely holding above 6,000 after plunging more than 5 percent the previous day. The secondary Kosdaq also fell 1.57 percent, reflecting weak investor sentiment across the domestic stock market. The KOSPI closed at 6,008.81, down 26.54 points, or 0.44 percent. It opened 26.73…
The KOSPI stock index experienced a sixth consecutive day of declines, narrowly avoiding falling below 6,000 points on Wednesday. The index ended the day at 6,008.81, down 26.54 points, or 0.44%, from the previous close of 6,062.08. Following a brief surge of more than 2% earlier in the day, the KOSPI failed to regain momentum and turned lower, ultimately dropping more than 5% the day before.
The secondary market, the Kosdaq, also saw a decline, falling 1.57% to close at 823.88, down 13.15 points or 1.57%. The opening price for the Kosdaq was 835.90, 1.13 points lower than the previous close of 837.03. Throughout the day, the index fluctuated between gains and losses.
Foreign investors continued to sell stocks, marking their seventh consecutive session of net selling. Among the major semiconductor companies, Samsung Electronics experienced a slight gain of 0.65%, while SK hynix saw a decline of 1.66%.
On the international front, Wall Street's three main indexes closed lower. The Dow Jones Industrial Average fell by 0.35%, the S&P 500 slipped by 0.02%, and the Nasdaq Composite shed 0.15%.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- KOSPI falls for 6th session, barely holds above 6,000 koreatimes.co.kr
