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KOSPI Opens Sharply Lower on Wall Street Losses over Virus Fears

Written: 2020-06-12 10:59:17Updated: 2020-06-12 11:02:04

KOSPI Opens Sharply Lower on Wall Street Losses over Virus Fears

Photo : YONHAP News

Seoul shares opened sharply lower on Friday, tracking overnight losses on Wall Street on fears of a resurgence in the COVID-19 pandemic. 

The benchmark Korea Composite Stock Price Index(KOSPI) opened at two-thousand-88-point-24, down 88-point-54 points, or four-point-07 percent.

In the United States, the Dow Jones Industrial Average closed down six-point-nine percent on Thursday to mark the worst decline since March 16.

The KOSPI narrowed its losses after the opening, trading three percent lower compared to the previous close at 9:31 a.m.

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