Overview
- South Korea’s KOSPI fell 1.51% to 3,926.59 on Nov. 28, breaking a three-session advance.
- Foreign investors offloaded a net 2 trillion won, while individuals bought 1.6 trillion won and institutions purchased 459.4 billion won.
- Market heavyweights retreated, with Samsung Electronics down 2.9% and SK hynix down 2.57%, and battery leader LG Energy Solution sliding 6.85%.
- The won weakened to 1,470.6 per dollar by the close, compared with the prior session’s 1,464.75.
- The pullback followed a Nov. 27 rebound driven by U.S. rate-cut hopes and the Bank of Korea’s rate hold with an upgraded 2025 growth outlook, as Naver also came under pressure after Dunamu reported a major hack and after Naver announced a deal to acquire Dunamu.