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Another 'Black Day': Kospi Plunges 5.7%, Kosdaq Down 5.3% to Close Sharply Lower

Another 'Black Day': Kospi Plunges 5.7%, Kosdaq Down 5.3% to Close Sharply Lower
▲ Employees monitor the stock market and exchange rates at the headquarters of Hana Bank in Seoul on the 24th. On this day, the Kospi closed down 406.27 points (5.72%) from the previous session at 6,690.62. The Kosdaq index also finished down 42.06 points (5.32%) at 748.22.

The Kospi plunged more than 5% on the 24th, falling back below the 7,000 mark.

Today, the Kospi closed down 406.27 points (5.72%) from the previous session at 6,690.62.

This marks the first decline in four trading sessions since the 20th.

Yesterday, the Kospi surged 4% to reclaim the 7,000 threshold on a closing basis for the first time in five trading sessions, but surrendered the 7,000 level again in just one day.

The index started the session down 96.11 points (1.35%) at 7,000.78 before widening its losses.

At one point, it slumped as low as 6,650.41.

The Kosdaq index also finished the day down 42.06 points (5.32%) at 748.22.

Amid the sharp market downturn, sell sidecars were successively triggered on both the Kospi and Kosdaq markets today.

(Photo: Yonhap News)
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