KOSPI plunges 8%, trading halted amid global market turmoil
The Bank of Japan’s decision to raise interest rates, a move aimed at curbing inflation, has sent shockwaves through global financial markets.
Korea Composite Stock Price Index (KOSPI)
Stay updated with the latest news and articles about Korea Composite Stock Price Index (KOSPI).
Latest Articles
Seoul stocks drop over 1% amid disappointment over prospects for U.S. rate cuts
South Korean stocks slipped over 1% as fears of a prolonged high-rate policy by the U.S. Federal Reserve rattled investors. Tech giant Samsung Electronics saw a 2.3% dip following reports of chip testing failures.
Seoul stocks surge over 2% amid expectations of U.S. rate cuts
South Korean stocks surged over 2% fueled by hopes for U.S. rate cuts. KOSPI closed at 2,734.36, with tech giants like Samsung Electronics and SK Hynix leading gains. The local currency strengthened against the U.S. dollar.