dailypro2020

KOSPI Loses 775 Points in 3 Days: Foreign Selling Hits 100 Trillion Won, Citigroup Warns 'Take Half Off the Table' KOSPI closed at 7,271.66 on May 19, shedding another 3.25%. That makes it three straight sessions of carnage: May 15's Black Friday (6.12% down), May 18 (4% down), and now this. From 8,046 just three trading days ago, Korea's benchmark has vaporized 775 points — an 11.2% peak-to-trough collapse. Some 680 trillion won in market capitalization gone. That exceeds Samsung Electronics' entire market cap. VKOSPI, the volatility index, shot past 80 at one point, threatening levels last seen during the March Middle East war scare. Selling circuit breakers triggered for the fourth straight session at the open. Foreign Investors Sell for 9 Straight Days: 100 Trillion Won Gone Foreign investors extended their selling streak to nine consecutive trading days, unloading 6.2 trillion won on May 19 alone. The cumulative damage is staggering: 100 trillion wo...

KOSPI Plunges 775 Points in Three Days: Citi Warns 'Take Half Off the Table' as Foreign Selling Hits 100 Trillion Won The numbers from Seoul this week are genuinely hard to process. KOSPI dropped another 3.25% on May 19, closing at 7,271.66. That makes three straight days of selling — 6.12% on Black Friday (May 15), another 4%-plus on May 18, and now this. From the 8,046 level three sessions ago, the index has shed 775 points, or 11.2%. About 680 trillion won in market value — a figure that actually exceeds Samsung Electronics' entire market cap of roughly 500 trillion won — just evaporated. The VKOSPI volatility index has been brushing against 80 — territory last seen during the March Middle East war flare-up. Circuit breakers on the sell side triggered for the fourth straight day at the open. Nobody I talked to on the floor could remember a stretch quite like this outside of 2008 or the worst days of COVID. The Crash by the Numbers The damage spread across ...