South Korea's KOSPI Index Falls 4%, Foreign Investors Offload 1.6 Trillion Won in Stocks During Morning Trading

Odaily 星報 Odaily星球日报讯 According to Gate data, the Korea Composite Stock Price Index (KOSPI) briefly surged to the 8,000-point mark during morning trading before retreating, currently recording a decline of 4%. Foreign investors sold off 1.6 trillion won worth of KOSPI stocks in morning trading. Samsung Electronics, SK Hynix, and SK Square are the main drag factors on the index. The market is focusing on wage negotiations between Samsung Electronics and its labor union, as well as a potential strike. Samsung Electronics' stock price once fell by 5.1%.