The South Korean stock market managed to hold ground on Wednesday despite wavering midday from the news of a massive tremor in North Korea.

The benchmark Korea Composite Stock Price Index (KOSPI) on Wednesday dipped as low as the one-thousand-910 level but rebounded following North Korea's official announcement that eased market uncertainties. 

The main index closed five-point-one points, or zero-point-26 percent, lower at one-thousand-925-point-43.

The tech-heavy KOSDAQ, which flopped more than one-point-25 percent during the day, closed at 687-point-27 points, up three-point-two points or zero-point-47 percent. 

On the foreign exchange market, the value of the local currency weakened nine-point-nine won against the greenback to close at one-thousand-197-point-nine won.