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KOSPI Breaks 2,200 Level Hitting Lowest in over Two Years

Written: 2022-09-27 13:50:06Updated: 2022-09-27 14:52:00

KOSPI Breaks 2,200 Level Hitting Lowest in over Two Years

Photo : YONHAP News

South Korea's stock markets continued to get battered on the back of extended sell-offs by foreign investors, with the main bourse falling below the two-thousand-200 level in intraday trading on Tuesday. 

The benchmark Korea Composite Stock Price Index(KOSPI) dipped to two-thousand-199-point-78 as of 12:24 p.m., down by over 21 points from the previous day and hitting the lowest level in two years and two months. 

Foreigners dumped local stocks worth a net 180 billion won as of lunchtime.  

The KOSPI had opened the day slightly higher than the previous session's close, at two-thousand-224-point-39, after tumbling more than three percent on Monday.

The tech-heavy KOSDAQ also fell over eight-point-nine points to 683-point-45, dropping one-point-two-nine percent by mid-day.

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