Level 4 social distancing measures overshadow local stock market : The DONG-A ILBO

 Level 4 social distancing measures overshadow local stock market : The DONG-A ILBO
With South Korea entering the fourth wave of the COVID-19 pandemic, the benchmark Korea Composite Stock Price Index (KOSPI) dropped over 1 percent. The local currency won rose more than 19 won for the past three days to reach 1,150 against the U.S. dollar. The market appears to have been affected by concerns that Level 4 social distancing rules in the Seoul metropolitan area could dent consumption.

The KOSPI fell 34.73 points, or 1.07 percent, to close at 3,217.95 on Friday. The KOSPI dropped almost 2 percent at one point to fall through the 3,200 mark. Foreign investors and institutional investors net sold 1.3337 trillion won and 508.5 billion won, respectively. The amount net sold by foreign investors was the biggest since May 13 (1.4343 trillion won). Individual investors net bought 1.8014 trillion won, preventing further declines. It was the third day in a row that individual investors net bought more than 1 trillion won. With…

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