Selling by Foreigners... Stock Prices Falls to 810 Line

Comprehensive stock prices experienced a fall reaching to 810 line after three months, due to sale by foreigners.

KOSDAQ Index also recorded the lowest this year.

Comprehensive stock prices on 30th closed at 815.16 points which is fall of 19.58 points (2.3 percent) than the previous year

The main factor of sudden fall was due to selling by foreigners 117.1 billion won that was maximum amount since 13th (123.8 billion won).

NASDAQ in New York Stock Exchange showed a bearish trend on 30th dawn, as it closed at 1,624.39 points which is a fall of 1.68 percent, therefore future goods index KOSPI 200 also closed at 103.0 which is a fall of 2.20 points (2.09 percent).

Comprehensive index of KOSDAQ also closed at 70.38 that dropped 2.09 points (2.88 percent).

This was the lowest price this year after last December 27th (69.43).

Recently, stock companies reinforced sanction regarding insolvent analysis over newly registered companies and joining KOSDAQ is getting difficult, analysis said, therefore, it exerted negative influence on investment.

Items that had a fall in stock prices were 562 items in exchange market and 560 in KOSDAQ, and it surpassed risen items (226 in exchange market, 182 in KOSDAQ).

Chan-Sun Hong hcs@donga.com