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KOSPI Slips to 2,570 Mark and Won-Dollar Rate Tops 1,380 Won

Written: 2024-10-22 18:41:02Updated: 2024-10-22 19:13:06

KOSPI Slips to 2,570 Mark and Won-Dollar Rate Tops 1,380 Won

Photo : YONHAP News

The benchmark Korea Composite Stock Price Index(KOSPI) slipped more than one percent on Tuesday to the two-thousand-570 mark. 

The index slid 34-point-22 points, or one-point-31 percent, to close at two-thousand-570-point-seven.

The figure opened at two-thousand-600-point-87, down four-point-05 points or zero-point-16 percent from Monday but fell to the two-thousand-560 mark at one point after witnessing a large drop. 

The tech-heavy KOSDAQ lost 21-point-61 points, or two-point-84 percent, to close at 738-point-34.

The won-dollar rate surpassed one-thousand-380 won after seeing a rise for seven consecutive trading days. 

The rate closed at one-thousand-380-point-one won after the local currency weakened four-point-nine won.

The figure is the highest to be posted since July 30 when the rate stood at one-thousand-385-point-three won.

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