[2보] Closing down 1% of the KOSPI… In 7 days, again below the 3,000 line

KOSPI decline (GIF)
KOSPI decline (GIF)

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(Seoul = Yonhap News) Reporter Kim A-Ram = KOSPI closed down for three consecutive days due to the sale of both institutions and foreigners on the 8th.

On this day, KOSPI closed the transaction at 2,996.11, down 30.15 points (1.00%) from the previous trading day. It is only 7 trading days since February 24 (2,994.98) that the KOSPI fell below the 3,000 line based on the closing price.

The index started at 3,031.99, up 5.73 points (0.19%) from the battlefield, and continued a bullish trend, then returned the rise and turned to a downtrend.

In the securities market, institutions and foreigners net sold 3781 billion won and 1292 billion won, respectively, leading the index decline.

Individual investors net bought 525.8 billion won, but it was not enough to defend the index.

The index rose to 3,055.65, up close to 1% at the beginning of the market on the back of the recovery of investment sentiment led by the passage of the US economic stimulus package to the Senate and strong employment indicators.

However, as the passage of stimulus measures highlighted the burden of rising US Treasury yields, on the one hand, sales poured out.

Exchange rate movement also increased the intensity of net selling by foreigners during the intraday.

Lee Kyung-min, a researcher at Daishin Securities, said, “The good economic indicators and expectations for the implementation of stimulus measures led to the expectation of an accelerated economic recovery, but at the same time, it led to a burden of rising interest rates.” This has been enlarged,” he explained.

The KOSDAQ index ended at 904.77, down 18.71 points (2.03%) from the battlefield.

In the KOSDAQ market, foreigners and institutions net sold 187.8 billion won and 18.2 billion won, respectively. Individuals net bought 25.8 billion won.

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