The benchmark Korea Composite Stock Price Index(KOSPI) plummeted on Monday due to renewed fears that the U.S. may raise interest rates.

The main index sank 46-point-39 points, or two-point-28 percent, to close at one-thousand-991-point-48. 

Shares of Samsung Electronics nosedived six-point-98 percent, to one-point-465 million won as it was in damage control mode over its expanded recall of its Galaxy Note 7 smartphones.
 
The secondary KOSDAQ also tumbled 12-point-08 points, or one-point-82 percent, to 652-point-91.
 
On the foreign exchange market, the local currency depreciated 15-point-one won against the U.S. dollar to one-thousand-113-point-five won.