The benchmark KOSPI and won-dollar exchange rate are displayed on an electronic board in the dealing room of Hana Bank headquarters in Seoul, Wednesday. KOSPI closed at 7,208.95, down 62.71 points, or 0.86 percent, falling for a second consecutive session. Yonhap
The benchmark KOSPI remained under pressure for a second straight session Wednesday as foreign investors continued pulling funds out of the Korean stock market.
Persistent selling in semiconductor shares, coupled with the sharp depreciation of the Korean won and rising U.S. Treasury yields, added to concerns over weakening market liquidity and investor sentiment.
The country’s benchmark index opened up 52.86 points, or 0.73 percent, at 7,324.52, but reversed course within minutes and later dropped to an intraday low of 7,053.84.
Volatility persisted throughout the trading session before the index ended the day at 7,208.95, down 62.71 points, or 0.86 percent.
