S. Korea's benchmark KOSPI falls below 2,300 for first time in 20 months
Updated: 2022-07-01 17:15:21 KST
The sell-off continues in South Korea's stock market.
On Friday, the benchmark KOSPI fell by 1.one-seven percent to close at a little above 23-oh-5.
It actually fell below 23-hundred around mid-day for the first time in 20 months.
The tech-heavy KOSDAQ plunged by 2.one-four percent to close at around 7-hundred-29.
Foreign investors continue to be heavy sellers of the local market despite the relatively low valuations of local stocks, moving their capital to other assets as the dollar gains strength.
