The main index KOSPI slid below 2,400 points in Tuesday s session, as foreign investors dumped local stocks on pessimistic outlooks amid concern over the collapse of Silicon Valley Bank (SVB) late last week.
A total of 60 companies face being delisted from the Korean stock market as watchdogs could strip their listing qualification following a review based on their 2022 audit reports. According to the Korea Exchange, a group of six companies listed on the benchmark KOSPI is at risk of being delisted once they submit their annual audit reports to the exchange operator and the Financial Supervisory Service (FSS) by the end of March.
Retail investors returned to the local stock market in February, extending a belated buying spree of blue-chip stocks, mirroring the activities of foreigners earlier this year. Data showed Monday that retail investors net purchased 1.83 trillion won ($1.38 billion) worth of Korean shares between Feb. 1 and 24, surpassing the 1.04 trillion won foreign investors net bought over the same period.
Retail investors returned to the local stock market in February, extending a belated buying spree of blue-chip stocks, mirroring the activities of foreigners earlier this year. Data showed Monday that retail investors net purchased 1.83 trillion won ($1.38 billion) worth of Korean shares between Feb. 1 and 24, surpassing the 1.04 trillion won foreign investors net bought over the same period.
South Korean stocks ended lower Friday on losses in big-cap tech shares amid caution over the United States monetary policy path amid high inflation. The local currency fell against the U.S. dollar.