The KOSPI fell Friday in Seoul as rising oil prices and higher global bond yields fueled inflation worries. It closed at 6,909.91, down 1.76 percent, after opening 3.29 percent lower. Foreign investors sold a net 2.29 trillion won and the won weakened to 1,345.9 per dollar.
The KOSPI and Kosdaq indexes are displayed in the dealing room of Hana Bank in Seoul, Friday. The benchmark KOSPI closed at 6,909.91, down 1.76 percent from the previous session. Yonhap
The KOSPI edged lower Friday amid rising oil prices as renewed geopolitical tensions in the Middle East fueled concerns over inflation.
The benchmark index opened 3.29 percent lower at 6,802.50 and pared some of its losses in afternoon trading before closing at 6,909.91, down 1.76 percent from the previous session.
Foreign investors sold a net 2.29 trillion won ($1.70 billion) worth of shares, while institutional investors sold a net 1.22 trillion won. Retail investors were the net buyers, purchasing 1.87 trillion won worth of shares.
