KOSPI Fell 2.5% the Lowest Level After 8 Years Taiwan Stocks Experienced the Biggest Shock

KOSPI pushed to 1,670 units, the lowest in 8 years 5 months

South Kore- Seoul on the morning of the 17th KOSPI departed sharply.

Today , KOSPI closed at 1,672.44, down 42.42 points (2.47%) from the previous trading day.

This is the lowest level after 8 years and 5 months since October 5, 2011 (1,666.52) based on the closing price.

The index opened at 1,640.84, down 74.02 points (4.32%) from the previous battlefield, and remained bearish by foreigners’ ‘fall’.

The index once fell to 1637.88 once in the week, reaching a record low of 9 years and 9 months since June 8, 2010.

On the day, foreigners sold 1,93.9 billion won in the securities market, recording net sales for 9 consecutive days. As a result, the cumulative net selling amount of foreigners has increased to 131.191 trillion won since January 20, when corona19 confirmed cases occurred in Korea.

However, the individual net purchases worth 590 billion won and, on the contrary, continued ‘lion’ for 9 consecutive days. The institution also supported the index by net buying 358 billion won.

Among the top market caps, Samsung Electronics [005930] (-3.27%), the ‘majority owner’, plunged more than 3%, and SK Hynix [000660] (-0.25%), Samsung Biologics [207940] (-2.91%), and Naver. [035420] (-2.58%) and Hyundai Motor [005380] (-3.38%) also fell.

Within the top 10 markets, only Celltrion [068270] (1.51%) and LG H & H [051900] (0.09%) rose slightly.

By industry, insurance (-6.71%) and banks (-5.51%), which are likely to adversely affect earnings due to the lowering of the standard interest rate, were weak side by side, with electricity and gas (-4.75%), transportation and warehouse (-4.52%), and electricity. · Electronics (-2.64%) were also weak.

238 stocks climbed and 635 stocks fell. 32 events closed.

The trading volume of the securities market was about 610 million shares, and the trading value was about 9.56 trillion won.

Taiwan stocks have experienced the biggest shock . The United States Federal Reserve (Fed) actively adopted loose monetary policies and invested liquidity and funds, which is expected to provide support for global stock markets. The policy has helped Taiwan stocks to stabilize.

Taiwan stocks have an average gap of about 1,800 points each year. From a high point of 12,197 to a low point of 9,636, the gap between the high and low points has reached 2,561 points. It is more likely that the market index will fluctuate and bottom out gradually.

Finance Minister Su Jianrong and Chairman of the Financial Management Committee Gu Lixiong yelled at investors’ confidence before the stock market opened in the morning.

Gu Lixiong said that when U.S. stocks rose sharply the day before yesterday, Taiwan stocks fell more than 4% at the close yesterday, and the Dow Jones index of the U.S. stocks closed more than 12% in the morning, reflecting the decline in U.S. stocks. At present, it seems that Taiwan stocks are still in the rational range. They still have confidence in the fundamentals of Taiwan stocks. They will also encourage the financial community to buy high-performance stocks. Taiwan stocks have good fundamentals and foreign capital will still favor them. Taiwan’s own epidemic control is very good, which will give investors great confidence, and related rescue policies will continue to be introduced.

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KOSPI pushed to 1,670 units, the lowest in 8 years 5 months

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