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Page 20 - Kospi News Today : Breaking News, Live Updates & Top Stories | Vimarsana

U S stocks continue falling, dollar bounces up

KOSPI fell most among G-20 countries except Russia

Korea s benchmark KOSPI displayed the lowest rate of return this year out of G-20 countries benchmark indexes, except for only Russia. According to data from the Korea Exchange (KRX), the KOSPI s annual rate of return this year ― a comparison between the closing price of the first trading day in January and the closing price of Dec. 20 ― stood at minus 21.93 percent.

Foreign investors dump Korean stocks

Foreign investors have returned to a selling spree of Korean shares for the first 12 days of December amid unceasing fears of the U.S. Federal Reserve s monetary tightening. This is in contrast to their recent buying of local shares over the past two months, which raised hopes the benchmark KOSPI regaining momentum for a rally in lockstep with the final cycle of rate hikes.

Global stocks head for third straight session of losses

Dollar gains as US data strengthens the view that the Fed might stick with aggressive interest rate rises for longer

Seoul shares plunge 1 8 percent after Fed-driven rally

South Korean stocks fell nearly 2 percent on Friday, snapping a three-day winning streak as foreigners and institutions dumped shares after recent rallies fueled by optimism over a possible downshift in U.S. rate hikes. The local currency inched down against the U.S. dollar.

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