KOSPI Falls Below 6,000 Intraday, Trades Lower [Morning Market Brief]

[The Financial News] On the 3rd, the Korea Composite Stock Price Index (KOSPI) is on a downward trend, pressured by airstrikes on the Islamic Republic of Iran by the United States of America (US) and the State of Israel and fears of a broader conflict in the Middle East.
As of 11:34 a.m. that day, the KOSPI was trading at 6,048.42, down 195.71 points, or 3.13%, from the previous session.
The KOSPI opened at 6,165.15, up 78.98 points, or 1.26%, from the previous day. At one point during the session, the index fell as much as 256.98 points, or 4.12%, to 5,987.15.
In the Korea Exchange Securities Market (KOSPI market), foreign investors have sold about 3.8918 trillion won, while institutions are also net sellers to the tune of 85.1 billion won. Retail investors have bought roughly 3.8856 trillion won.
Among large-cap stocks, most are weaker. Samsung Electronics and SK Hynix are each down about 4%, while Hyundai Motor is off more than 6%.
The KOSDAQ Index is trading at 1,188.66, down 4.12 points, or 0.35%, from the previous day.

dschoi@fnnews.com Choi Doo-seon Reporter