Korean Stocks Keep Plunging

  • By Lee Joon-woo

    May 17, 2019 10:10

    The Korean won plunged to W1,191.5 against the dollar on Thursday, down W2.90 from the previous day's close on dismal economic indicators. It was the first time in two years and four months that the Korean currency closed below W1,190 against the greenback.


    Foreign investors also sold W465.9 billion worth of Korean stocks on Tuesday, the biggest selloff since Oct. 23 last year. Foreign investors have been dumping Korean shares for six straight sessions since last Thursday and a total of W1.5 trillion of foreign capital has fled the bourse.

    On the junior Kosdaq, foreigners sold W172 billion worth of stocks, the most since March 27 of last year.

    The Korea Composite Stock Price Index closed down 25.09 points or 1.2 percent at 2,067.69 points, and the Kosdaq down 12.01 points or 1.65 percent at 717.59.

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