Yoon calls for swift responses to stock market volatility amid criticisms over vacationing
Korea Composite Stock Price Index (KOSPI) rebounded, gaining 80.6 points (3.3%) to close at 2,522.15, recovering from the previous session's 8.77% crash.
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KOSPI tumbles over 8% amid U.S. recession fears
The sharp downturn in the KOSPI was triggered by a dismal U.S. jobs report for July, which revealed a mere addition of 114,000 jobs and an uptick in the unemployment rate to 4.3%.
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.
KOSPI closes strong ahead of PCE Price Index Announcement
HD Hyundai Heavy Industries surged 16.90% to close at 207,500 won. HD Korea Shipbuilding & Marine Engineering Co. and HD Hyundai Mipo Co. also saw significant gains, closing at 198,800 won (up 8.16%) and 113,200 won (up 10.33%), respectively.
Seoul shares open higher led by chip and bio sector; auto stocks gain, battery shares weaken
The Seoul stocks market opened on a positive note on Monday, with the Korea Composite Stock Price Index (KOSPI) gaining 0.23% in the initial 15 minutes of trading.