KOSPI 2% decline conversion… Less than 3,000 intraday

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(Seoul = Yonhap News) Reporter Ji-Heon Lee = On the 29th, the KOSPI fell below the 3,000 line during the week as it showed a decline.

As of 1:45 pm on the day, the KOSPI showed 2,999.12, down 69.93 points (-2.28%) from the previous trading day.

The index started at 3,078.73, which rose 9.68 points (0.32%) from the previous length, and rose more than 1% during the week, but it reversed in the morning, lowering the low to 2,994.72 and continuing to fluctuate around the 3,000 line.

In the securities market, foreigners sold 567 billion won and institutions net sold 431.7 billion won, leading the index decline. Individuals net bought 1.37 trillion won.

Seo Sang-young, Kiwoom Securities]Researcher said, “Global hedge funds are reducing their exposure to stocks very rapidly in response to the recent rapid increase in volatility. It seems that they are selling for reasons such as profit-taking, volatility increase, and delay in vaccination. It is worth noting whether this trend will continue.”

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2021/01/29 13:58 sent

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