KOSPI falls for three consecutive sessions amid concerns over a US-Iran conflict7,246.79 closes
KOSPI 8 ended the session amid net selling by institutional investors and individuals, closing at 7,246.79 points. Losses widened in the afternoon as concerns over an armed conflict between the United States and Iran came to the fore, triggering a sell-sidecar.
KOSPI 8 ended the session amid net selling by institutional investors and individuals, closing at 7,246.79 points. Its decline from the previous day was 5.35%.
The index opened lower but at one point turned higher and attempted to rebound. However, it came under renewed downward pressure in the afternoon as diplomatic and military issues came to the fore.
Issues surrounding an armed conflict between the United States and Iran affected the market that day. As the issue came to the fore, the index's decline widened.
A sell-sidecar was also triggered as the decline widened. The triggering of the sell-sidecar changed the trading mood during the session.
Samsung Electronics and SK hynix, large-cap semiconductor stocks, showed signs of recovery in the morning but widened their declines again in the afternoon. The movements of the two stocks affected index volatility.
The index recorded6 days after 3 consecutive trading-day declines. Individual investors who had been buying on dips also shifted to a net-selling position that day.
Geopolitical conditions and supply-and-demand trends remained variables for the market going forward even after the market closed. The KOSPI closed around the7,200 level.
Sources: 연합인포맥스
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