First reported by Seoul Economic Daily
KOSPI Barely Holds 8,000 Ahead of Samsung Earnings; Foreigners Sell for 12th Straight Session
Kospi plunges 5% despite Samsung's record earnings
By
The Korea Herald
1d ago
Source
The Korea HeraldKospi plunges 5% despite Samsung's record earningskoreaherald.comThe South Korean benchmark Kospi slumped nearly 5 percent Tuesday, despite market heavyweight Samsung Electronics posting a record-high quarterly operating profit earlier in the day. The benchmark index closed at 7,656.31, down 4.91 percent from the previous session. After opening just below the 8,000 mark at 7,919.2, the index extended its losses, falling below the 7,400 level and hitting an intraday low of 7,389.22. Although it later pared some of its losses, it failed to recover above the 7,7
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