KOSPI Ends in 7,600s After Hitting 7,999 as Foreign Selling Weighs

The KOSPI briefly reached 7,999 during trading on the 12th, setting a new previous high, but reversed lower as foreign selling intensified and ended the session weaker. The index closed at 7,643.15, down 179.09 points, or 2.29%, from the previous trading day. After coming within just one point of the 8,000 mark, selling pressure pulled the benchmark back into the 7,600 range. With intraday strength contrasting with a weak close, investors are watching foreign fund flows and index volatility. Source: mk.co.kr.