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Finance
KOSPI opens down more than 2 percent; KOSDAQ down 1 percent
South Korean stocks extend the previous session\'s decline in early trading on March 13, with the KOSPI falling more than 2 percent and the KOSDAQ down nearly 1 percent. The benchmark KOSPI opens sharply lower and remains in negative territory. Retail investors are net buyers, while foreign and institutional investors sell. Major large-cap shares such as Samsung Electronics and SK Hynix fall, and the won strengthens slightly against the dollar.
Finance
KOSPI opens down over 1 percent, KOSDAQ also falls
South Korean stocks fall in early trading on March 12, reversing the previous session’s gains. The KOSPI is down 57.67 points, or 1.03 percent, at 5,552.28, after opening lower. Individuals are net buyers while foreigners and institutions are net sellers. Most heavyweights decline, including Samsung Electronics and SK Hynix, while Hanwha Aerospace rises. The KOSDAQ slips 0.15 percent. The won-dollar rate is up 5.20 won at 1,484.20.
Finance
KOSPI, Kosdaq plunge as \'Iran shock\' reignites; sell sidecar triggered
South Korean stocks fall sharply in early trading after renewed concerns about a possible clash between the United States and Iran. The KOSPI is down 333.92 points, or 5.98 percent, at 5,250.95, while the Kosdaq drops 57.49 points, or 4.98 percent, to 1,097.18. Heavy program selling prompts the Korea Exchange to trigger a sell sidecar. The won weakens, with the dollar rising to 1,492.10 won.