▲ Dealers work at the dealing room of the Hana Bank headquarters in Jung-gu, Seoul, on the 24th, when the Kospi opened lower.
Domestic stock indexes are plunging today (the 24th) as international oil prices surge amid escalating tensions in the Middle East.
According to the Korea Exchange, as of 11:50 AM, the Kospi was down 411.72 points from the previous trading session at 6,685.17.
The index opened at 7,000.78, down 96.11 points from the previous session, and expanded its losses, triggering a sell sidecar at around 11:23 AM.
Foreign investors, who had been net buyers in the Kospi market for four consecutive days, are net selling 1.7519 trillion won today, while institutions are also maintaining a net sell position of 1.0877 trillion won.
Although individuals are buying a net 2.8105 trillion won on their own, it is not enough to rebound the index.
The index is on a downward trend as escalating geopolitical tensions in the Middle East drive up international oil prices, reigniting concerns over interest rates.
Large-cap stocks such as Samsung Electronics and SK Hynix are also showing declines in the 7% range.
At the same time, the Kosdaq index stood at 752.69, down 37.59 points from the previous session.
As the sharp decline continued, a sell sidecar was also triggered in the Kosdaq market at around 11:47 AM.
In the Kosdaq market, individuals are net buying 389.9 billion won, while foreigners and institutions are net selling 175.7 billion won and 213.8 billion won, respectively.
(Photo: Yonhap News)
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