From BigGo Finance · BigGo Finance · · 1m 10s
KOSPI nears 5,000 level as US election shock triggers foreign selling
KOSPI drops 6.02% after US 'Blue Wave' election shock.
In brief
KOSPI drops 6.02% after US 'Blue Wave' election shock. KOSPI closed at 5,059.69 after 6.02% drop due to US election shock triggering 10.4 trillion won in foreign selling. Originally reported by BigGo Finance.
KOSPI plunges 6.02%
KOSPI closed at 5,059.69 on the 6th, down 6.02% from the previous session.
Foreign investors net sold 10.4 trillion won
Foreign investors net sold about 10.4 trillion won (approximately $7.6 billion) of KOSPI shares last week.
Samsung Electronics foreign ownership drops
Samsung Electronics foreign ownership fell to 45.95% as of the 6th, the lowest level since July 2009.
SK Hynix foreign ownership drops
SK Hynix foreign ownership fell to 48.27%, its lowest level since November 2021.
Brokerages set KOSPI range
NH Investment & Securities set a KOSPI range of 5,000-6,000 for this week.
CoreWeave earnings and US inflation data
CoreWeave's earnings, US inflation data, and Anthropic's IPO are key variables this week.
Anthropic IPO expected to be largest
Anthropic's IPO is expected to be around $100 billion, surpassing SpaceX in value.
At a glance
KOSPI closed at 5,059.69 after 6.02% drop due to US election shock triggering 10.4 trillion won in foreign selling.
