Menu Content
Go Top

Economy

Benchmark KOSPI Plunges Under 2,370 amid Concerns over Impasse due to Presidential Impeachment Calls

Written: 2024-12-09 17:58:09Updated: 2024-12-09 18:00:55

Benchmark KOSPI Plunges Under 2,370 amid Concerns over Impasse due to Presidential Impeachment Calls

Photo : YONHAP News

South Korea's benchmark KOSPI plunged below two-thousand-370 on Monday, amid concerns over a prolonged impasse due to the opposition's push to impeach President Yoon Suk Yeol following his declaration of martial law.

The main bourse closed at two-thousand-360-point-58, down 67-point-58 points, or two-point-78 percent from the previous trading day.

The KOSPI dropped to as low as two-thousand-360-point-18 at one point during the day, which is the lowest since November 3, 2023.

Foreign investors and agencies bought shares worth 103-point-two billion won and 691-point-nine billion won, or around 72 million and 483 million U.S. dollars, respectively, while individuals sold 889-point-seven billion won worth of shares.
 
The tech-heavy KOSDAQ dropped 34-point-32 points, or five-point-19 percent to close at a 52-week low of 627-point-01.

The Korean won strengthened 17-point-eight won against the U.S. dollars to one-thousand-437 won as of 3:30 p.m.

Editor's Pick

Close

This website uses cookies and other technology to enhance quality of service. Continuous usage of the website will be considered as giving consent to the application of such technology and the policy of KBS. For further details >