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Finance

KOSPI falls below 7,000 on foreign and institutional selling

South Korea\'s benchmark KOSPI slid more than 1 percent on Thursday as foreign investors and institutions sold shares, dragging the index below the 7,000 mark. The market was weighed by caution ahead of the release of the U.S. August consumer price index and by weakness in large semiconductor stocks such as Samsung Electronics and SK Hynix. The won traded at 1,346.50 per dollar in Seoul.

Finance

KOSPI gives up 7,000 level, Kosdaq also falls

South Korea’s KOSPI rose above the 7,100 level on Sept. 8 and climbed as high as 7,171.52, but surrendered the 7,000 mark late in the session amid profit-taking pressure after the previous day’s surge. The index ended down 40.87 points, or 0.58 percent, at 6,954.52. The Kosdaq also fell 1.25 percent to 811.88. The won strengthened to 1,344.50 per dollar.

Finance

KOSPI reclaims 7,000 level after 15 sessions, rises early

South Korea’s KOSPI rose above the 7,000 level in early trade on Tuesday, reclaiming the mark for the first time in 15 sessions since Aug. 18. At 9:04 a.m., the index was up 26.72 points, or 0.38 percent, at 7,022.11 after opening higher. Individuals were net buyers, while foreigners and institutions sold. The won strengthened against the dollar.