arirang mobile

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.
Reporter : raehyun@arirang.com