Kospi Falls 2% to 7,502.82 as Foreigners Sell 187.1 Billion Won
Updated
Updated · en.bloomingbit.io · Jul 8
Kospi Falls 2% to 7,502.82 as Foreigners Sell 187.1 Billion Won
2 articles · Updated · en.bloomingbit.io · Jul 8
Summary
South Korea's Kospi dropped 2% to 7,502.82 by 9:23 a.m., extending the previous session’s semiconductor-led decline.
Foreign investors sold a net 187.1 billion won, outweighing institutional buying of 206.4 billion won, while individuals also sold 13.3 billion won.
All 10 of the market’s biggest stocks fell, with Samsung Electronics down 1.86%, SK Hynix off 0.43%, and Samsung Life Insurance sliding 7.2%.
Overnight losses in U.S. chip stocks added pressure after Intel tumbled 9.66%, AMD 6.51%, Micron 4.71% and SanDisk 7.26%.
Renewed geopolitical risk also weighed on sentiment after U.S. Central Command said it launched powerful airstrikes in response to attacks on merchant vessels.