Economy
KOSPI Flops to 1,845 Points
Written: 2016-01-20 15:27:19 / Updated: 2016-01-20 16:06:52
The benchmark Korea Composite Stock Price Index(KOSPI) closed lower on Wednesday, falling 44-point-19 points, or two-point-34 percent.
The index closed at one-thousand-845-point-45, making a slight recovery after flopping as low as the one-thousand-830 level during the session from foreign investors’ selling.
The tech-heavy KOSDAQ also declined eleven-point-57 points, or one-point-70 percent, to 669-point-68.
On the Seoul foreign exchange market, the local currency depreciated eight-point-one won against the greenback to close at one-thousand-214 won, recording the weakest level since July 19, 2010.
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