[Closing Market] KOSPI Loses 6,000 After Brief Rally
On Thursday, Oct. 29, the domestic financial market closed in a somewhat heavy atmosphere as selling pressure emerged in the afternoon session, contrary to the expectations seen in early trading.On this day, the KOSPI index started higher compared to the previous day and gathered expectations as it
On Thursday, Oct. 29, the KOSPI index experienced a loss of 6,000 points after a brief rally. The index began higher than the previous day, reaching a point above 6,000 during intraday trading. However, it quickly reversed into a decline as institutions and foreigners sold off shares due to profit-taking and upward fatigue. The KOSPI closed at 5,937.66, down 1.24% from the prior trading day.
This rapid drop occurred despite the positive impact of a leading semiconductor stock on the previous day, which failed to maintain the index's strength throughout the session. The KOSDAQ market also closed lower, ending at 753.23, down 2.34% from the previous day.
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