KOSPI Index Suffers Sharp Decline

On November 12, the KOSPI index experienced a significant drop, closing below the 2,500 mark for the first time in three months. The index closed at 2,482.57, a 1.94% decrease from the previous trading day. This decline marks a return to levels last seen in early August, when the index plummeted 8.77% due to global recession fears.

Samsung Electronics Hits New Low

Leading South Korean company, Samsung Electronics, also saw its stock price fall, closing at 53,000 won, a 3.64% decrease. This marks a new low for the tech giant, reflecting broader market concerns.

KOSDAQ Index Also Suffers

The KOSDAQ index, which focuses on smaller and more technology-oriented companies, closed at 710.52, a 2.51% decrease from the previous trading day. This highlights the widespread impact of market uncertainties.

Won-Dollar Exchange Rate Surges

In the Seoul foreign exchange market, the won-dollar exchange rate closed at 1,403.5 won, an 8.8 won increase from the previous day. This marks the highest closing price in two years, indicating a weaker won which could impact import costs and inflation.