KOSPI Falls as Oil Prices Jump, but Retains 7,000
4 Articles
4 Articles
KOSPI falls as oil prices jump, but retains 7,000
The KOSPI edged lower Thursday amid a surge in international oil prices triggered by geopolitical tensions in the Middle East, but managed to close above the 7,000 mark. The benchmark index closed at 7,033.92, down 0.25 percent from the previous session. The index opened 0.18 percent lower and rose as high as 7,072.79 before falling to 6,898.45. It then fluctuated around the 7,000 level as institutional selling pressure eased. Foreign investors …
(Seoul = Yonhap News) Reporter Lim Eun-jin = The KOSPI fell slightly on the 10th due to negative news from the Middle East, but managed to defend the 7,000 mark at the close.
The KOSPI index closed slightly lower, barely holding above the 7,000 mark. Although international oil prices and U.S. Treasury yields rose due to the ongoing conflict in the Middle East, investor sentiment toward domestic stocks did not appear to be significantly dampened by the outlook that the global memory industry's super-boom would continue. While foreign investors engaged in large-scale net selling in the securities market, a large amount…
[Digital Daily Reporter Kang Ki-hoon] The KOSPI held the 7,000 mark after significant volatility, including falling to the 6,900 level during the trading session on the simultaneous expiration of futures and options. While rising international oil prices and long-term U.S. Treasury yields pressured investor sentiment and foreign investors net sold over 2 trillion won, the index recovered significantly as large-cap semiconductor stocks narrowed t…
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