KOSPI Touches 7,000 Intraday on Foreign Buying, Closes Near 6,700 on Profit-Taking - Seoul Economic Daily
• The KOSPI index briefly touched the 7,000 mark during intraday trading on the 22nd, driven by strong foreign buying, before closing at 6,797.70. • Despite the intraday peak, the market ended the day up 49.75 points (0.74%) as retail and institutional investors engaged in profit-taking. • The shift toward a wait-and-see approach was triggered by anticipation of Alphabet's earnings report and concerns over Middle East geopolitical risks and rising oil prices.
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