The Korea Composite Stock Price Index (KOSPI) began trading today, 27 December 2024, at 12:57 pm (GMT+9), showing a notable dip in early activity.
At market open, the KOSPI stood at 2,394.48 KRW, reflecting a sharp decline of 35.20 points or 1.45% from its previous close of 2,429.68 KRW.
The day’s trading session started at 2,419.46 KRW, with the index fluctuating between 2,388.33 KRW and 2,423.86 KRW in the early hours.
About KOSPI
The index, which is a capitalization-weighted measure tracking all common shares on the Korea Stock Exchange, has historically been an essential barometer for Asian market watchers.
Key components like Samsung Electronics and Hyundai Motor play a significant role in shaping KOSPI’s movement, making it a focal point for investors following developments in the region. Introduced in 1983 with a base value 100, the index has grown into a critical measure of South Korea’s economic performance and corporate health.
Disclaimer: This article is for informational purposes only and does not constitute financial advice.