KOSPI Falls on Higher Oil Prices, Global Bond Yields
8 Articles
8 Articles
Foreigners and Institutions Net Sell 4 Trillion Won… KOSPI Drops 1.7%, Barely Holding the 6,900 Mark
On the 11th, the KOSPI closed lower as simultaneous selling pressure from foreign and institutional investors mounted amidst the double whammy of high oil prices and high interest rates stemming from deepening geopolitical risks. The KOSPI index closed at 6,909.91, down 124.01 points (1.76%) from the previous trading day. The index opened at 6,802.50, plunging 231.42 points (3.29%) from the previous close, and at one point in early trading, it e…
(Seoul = Yonhap News) Reporter Lim Eun-jin = On the 11th, the KOSPI fell more than 1.7%, giving up the 7,000 mark on a closing basis for the first time in three trading days.
KOSPI falls 1.76% as rising oil prices fuel inflation concerns - Business News Week
Seoul, Sep 11: South Korea’s benchmark KOSPI index closed sharply lower on Friday as rising crude oil prices and renewed tensions in the Middle East increased concerns about inflation and the global interest-rate outlook. The KOSPI opened 3.29 per cent lower at 6,802.50 before recovering some of its losses during the day. It eventually closed […] The post KOSPI falls 1.76% as rising oil prices fuel inflation concerns first appeared on Business N…
[Digital Daily Reporter Kang Ki-hoon] The KOSPI fell by over 1% due to the impact of soaring international oil prices and U.S. Treasury yields. Although it dropped to the 6,800 level in early trading as foreign and institutional investors net sold over 3.5 trillion won, it recovered to the 6,900 level as buying by retail investors flowed in. According to the Korea Exchange on the 11th, the KOSPI closed at 6,909.91, down 124.01 points (1.76%) fr…
On the afternoon of September 11, the won/dollar exchange rate and the KOSPI and KOSDAQ indices are displayed on the electronic display board of the dealing room at Hana Bank's headquarters in Jung-gu, Seoul. (Yonhap) On September 11, the domestic stock market was severely shaken as it faced a triple whammy of rising US Treasury yields, oil price instability, and a sharp decline in tech stocks on the New York Stock Exchange. Pushed by fierce si…
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