Seoul shares ended lower for a second straight session Friday, weighed down by foreign selling as renewed tensions in the Middle East over the Strait of Hormuz dampened investor sentiment.
South Korean stocks fell for a second consecutive session Wednesday, with the KOSPI index dropping 0.86% due to heavy selling by foreign investors. The Korean won strengthened against the U.S. dollar.
South Korean stocks fell for a second consecutive day Wednesday, with the KOSPI index dropping 0.86% due to heavy foreign selling, particularly in chipmakers. The Korean won gained slightly against the U.S. dollar.
Foreign investors are significantly reducing their stake in Indian equities, with FII ownership hitting a multi-year low. Concurrently, domestic institutional investors, particularly mutual funds fueled by SIPs, are increasing their holdings, absorbing much of the foreign selling and reshaping market ownership.
