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KOSDAQ Falls below 700 for First Time in 2 Months

Written: 2024-11-13 11:20:48Updated: 2024-11-13 11:32:10

KOSDAQ Falls below 700 for First Time in 2 Months

Photo : YONHAP News

South Korea’s tech-laden KOSDAQ fell below the 700 mark during trading for the first time in two months. 

As of 10:12 a.m. Wednesday, the secondary KOSDAQ market stood at 697-point-94, down 12-point-58 points or one-point-77 percent from the previous day. 

It marks the first time the KOSDAQ has fallen below 700 during trading since September 9.

Meanwhile, the benchmark Korea Composite Stock Price Index(KOSPI) retreated to the two-thousand-450 level, down 32-point-49 points or one-point-31 percent from the previous session. 

On the foreign exchange market, the won-dollar exchange rate opened at one-thousand-410 won, up six-point-five won from the previous day.

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