Kospi Closes Down 4.52%, Falling Back Below 8,000 After One Day
Forecast Trend Report by Period
The Kospi reversed course and closed sharply lower after just one day.
On June 10, the benchmark index ended at 7,730.82, down 4.52% from the previous session's close. It fell more than 6.8% at one point during the session, sliding to the 7,540 level.
The Kospi opened at 7,899.77, down 2.43% from the previous day, as profit-taking coincided with negative developments in the Middle East. Losses deepened during the session, prompting a sell-side sidecar at about 1:16 p.m. It was the 24th sidecar activation this year, with 12 sell-side and 12 buy-side triggers.
The Kosdaq closed at 956.63, down 1.67% from the previous session.
In Seoul's foreign-exchange market, the won-dollar exchange rate ended at 1,524.2 won per dollar, up 12.1 won, or 0.80%, from the previous daytime session's close.
