Concerns over U.S. Big Tech Performance...KOSPI closes lower

The KOSPI also closed lower on disappointment over the U.S. big tech company's performance.

Today (1st), the KOSPI closed at 2,542.36, down 0.54% from yesterday.

Individuals bought it, but institutions and foreigners sold it out, pulling down the entire index.

The New York Stock Exchange plunged as the performance of U.S. big tech companies such as Microsoft and Meta Platforms failed to meet investors' expectations.

KOSDAQ closed 1.89 percent lower at 729.05.

The local currency was trading at 1,379.4 won against the U.S. dollar as of 3:30 p.m., down 0.5 won from the greenback.