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Page 19 - Kospi News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Foreigners return to KOSPI on weakening dollar

Foreign investors have made a surprise return to the benchmark KOSPI in January on the weakening dollar and growing hopes for an end to the cycle of global monetary tightening, data showed Wednesday. According to the Korea Exchange, foreign investors purchased Korean shares worth 1.82 trillion won ($1.46 billion) between Jan. 2 and Jan. 10. They maintained their position of selling local stocks up until last month, but shifted their stance by expanding the net-buying of major large-cap stocks in semiconductors, finance and the internet.

U S stocks continue falling, dollar bounces up

Nasdaq Composite drops 140 points, greenback flexes muscles

KOSPI tumbles 25% in 2022 amid policy tightening, recession worries

South Korean stocks ended the year 2022 sharply down, marking the first annual loss in four years on global monetary tightening and economic recession woes. On Thursday, the last trading session of this year, the benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,236.40 points, down 1.93 percent from a day earlier.

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