Overview
- The KOSPI dropped 17.67 points on August 8 to close at 3,210.01 after institutions and foreign investors offloaded a combined 289.1 billion won of shares.
- On August 7 the index had climbed 29.54 points to 3,227.68 as technology and auto stocks rallied on U.S. market gains.
- Samsung Electronics rose for a second session after securing a deal to produce Apple’s next-generation processor at its Austin foundry.
- Offshore investors held a record 921.6 trillion won of Korean equities at the end of July, marking three straight months of net purchases.
- The won traded between 1,381 and 1,389 per dollar as traders weighed U.S. tariff policy and the government’s upcoming visa waiver for Chinese tour groups.