Foreign investors 7trillion won in net selling, exchange rate 1,540breached the won
6month 4day, foreign investors made net sales of domestic stocks worth trillion won, sending the KOSPI lower and pushing the won-dollar exchange rate past won. Rising tensions in the Middle East were cited as the backdrop.7trillion won worth of domestic stocks, sending the KOSPI lower and pushing the won-dollar exchange rate past 1,540won. Rising tensions in the Middle East were cited as the backdrop.
6month 4day, foreign investors made net sales of domestic stocks. The scale of the net selling reached 7trillion won. The report said this was the second-largest level on record.
On the same day, the won-dollar exchange rate surpassed 1,540won. The rise in the exchange rate resulted from increased volatility in the foreign-exchange market. Reports said the exchange rate surged during trading hours.
The KOSPI fell that day. Along with the decline in the index, interest rates surged in the bond market. The report cited rising tensions in the Middle East as the main backdrop to market volatility that day.
Reports continued to say that investor sentiment weakened across the market amid selling by foreign investors. They said several financial-market indicators moved in tandem. They added that trading trends by individual securities would need to be tallied separately.
This trend is characterized as an event in which foreign capital flows and geopolitical risks acted simultaneously. The report said volatility could resurface if additional geopolitical tensions or changes in global interest rates emerge. Official announcements from market-related institutions need to be checked separately.
Sources: 연합뉴스 경제
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