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KOSPI Collapses Around 2,500 Due to Foreigners' Exodus...The exchange rate is 1,410 won.

2024.12.04 PM 03:52
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KOSPI Collapses Around 2,500 Due to Foreigners' Exodus...The exchange rate is 1,410 won.
KOSPI and KOSDAQ fell together as foreign capital outflows accelerated amid the "martial shock wave."

In the stock market, the KOSPI closed 1.44 percent lower at 2,464 as foreigners net sold 409.2 billion won.

While most of the top market cap stocks fell, Kakao Group shares surged, drawing attention.

In the KOSDAQ market, foreigners sold 15.6 billion won and individuals sold 400 million net, and the KOSDAQ index closed 1.98% lower at 677.15.

In the Seoul foreign exchange market, the won-dollar exchange rate rose to 1,419 won as of 9 p.m. and then fell to 1,40.1 won as of 3:30 p.m.

The market predicted that foreign funds will continue to leave for the time being as political variables have not been resolved.



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