Korea’s KOSPI Fell Harder Each Day of a Three-Day Week
Korea traded only three sessions this week. KOSPI fell 0.89%, 1.98%, then 2.62%, 5.39% in all, while KOSDAQ ended down 0.11%. What it means for EWY holders.
Korea traded only three sessions this week. KOSPI fell 0.89%, 1.98%, then 2.62%, 5.39% in all, while KOSDAQ ended down 0.11%. What it means for EWY holders.
Korea’s first week after Chuseok: foreigners net sold all five sessions, but daily selling fell from ₩3.2T to ₩0.14T. KOSPI ended −1.09%, KOSDAQ +5.78%.
SK Energy’s renewed fuel deal with Korea’s state oil company is ₩2.21 trillion, up 18.9% on the same stated 1.3 billion liters. What it shows.
Foreigners net sold ₩2.9 trillion of Korean stocks on Sept 29, yet KOSPI fell just 0.27%. 74% of that selling hit two stocks: SK Hynix and Samsung.
Seoul is shut for four days from September 24. New York trades two of them. Here is what actually sets EWY’s price and its NAV while Korea has no price.
The Fed hiked. Seoul held two 8 AM meetings, then a third. The index barely moved in won, and EWY fell 3.9% in dollars. Here is what Seoul said and did not say.
The Fed raised rates at 3 AM Seoul time. New York traded two more hours. Seoul traded the next six and a half, and spent them erasing the overnight gap.
Korea’s first after-market drew 1.8 trillion won on day one, and 93% of it was retail. But the session ends at 7 AM ET, before the US bell.
On Friday, September 11, the KOSPI closed down 1.76 percent but rose 1.58 percent between its own open and close. Here is why both numbers are right.
From Sept 14, Korea Exchange runs a 4-8 PM after-market with live trading. But the official KRX close stays at 3:30 – here’s what that means for EWY.