KOSPI plunges from 8,000-point level then rebounds... Fierce battle between foreign selling and individual buying
The KOSPI experienced a sharp correction after hitting the 8,000-point level, marked by massive selling from foreign investors countered by strong buying from individual and institutional investors. The index fell to an intraday low of 7,142.71 but closed slightly up at 7,516.04. Foreigners net sold 3.6515 trillion KRW on the day and continued an 8-day selling streak, accumulating over 35 trillion KRW in net selling.
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