Stocks opened higher Friday as investors purchased techs and financials despite overnight losses on Wall Street.
The Kospi slumped 47.13 points, or 1.76 percent, to 2,628.62 after Meta Platforms released a disappointing earnings report.
Stocks opened weaker Thursday as investors sought profits following the previous session's sharp rise amid mixed overnight results on Wall Street.
Stocks soared 2 percent Wednesday as tech, secondary batteries and other market heavyweights rallied following overnight gains on Wall Street. The Korean won rose against the U.S. dollar.
Stocks opened stronger Wednesday as investors snapped up blue chips across the board following overnight gains on Wall Street.
The Kospi fell 6.42 points, or 0.24 percent, to 2,623.02 despite gains on Wall Street.
Korea’s gas prices surged and the stock market tumbled amid heightened geopolitical tensions in the Middle East.
The main Kospi bourse fell 1.63 percent on Friday to close at 2,591.86 as investors shed risky assets with worsening tension in the Middle East.
Korea’s stock market retreated and the won reached its weakest point against the greenback in 17 months on Monday as tensions in the Middle East escalated following Iran’s recent strikes against Israel.
Foreign investors scooped up Korean stocks in February for the fourth consecutive month on the back of hopes for a recovery in the chipmaking sector and stock-boosting measures, central bank data showed Wednesday.
Korea JoongAng Daily Sitemap