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KOSPI Slumps 1.46% to Hit 7-Month Low, Breaking Below 5,400

KOSPI Slumps 1.46% to Hit 7-Month Low, Breaking Below 5,400
▲ The KOSPI and the won-dollar exchange rate are displayed at the dealing room of Hana Bank headquarters in Jung-gu, Seoul, on the 26th, after the index dropped 1.45% to close in the 5,400 range at a roughly seven-month low.

The KOSPI fell 1.46% today (the 26th) to close in the 5,400 range, hitting its lowest level in about seven months.

The KOSPI finished the session down 80.83 points (1.46%) from the previous trading day at 5,469.47.

This marks the lowest closing price since April 6, when it closed at 5,450.33.

The index opened at 5,499.05, down 51.25 points (0.92%) from the previous day, and briefly turned upward during the session, but failed to sustain a rebound.

The decline widened just before the market closed.

Recently, despite a sharp downward trend, the KOSPI had defended the 5,500 threshold and appeared to be forming a floor, but ultimately failed to hold the 5,500 line today.

During the regular session on the main bourse, foreign investors net-sold 697.2 billion won, increasing downward pressure on the index, while retail and institutional investors net-bought 47.4 billion won and 611 billion won, respectively.

Foreign investors recorded a net-buying advantage of 276.2 billion won in KOSPI 200 futures.

The KDAQ index closed down 24.48 points (3.26%) at 727.21.

This is the lowest level since July 31, when it recorded 719.76.

The index opened at 742.17, down 9.52 points (1.27%) from the previous session, and its downward momentum steadily strengthened.

(Photo: Yonhap News)
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