KOSPI Recovers to 1700 and KOSDAQ to 500 for a Brief Morning Period

Rebound in the Morning Followed by a Lull Again

Due to the impact of the novel coronavirus infection (COVID-19) pandemic, the global stock markets plummeted, and on the 17th, the KOSPI index opened at 1640.84, down 74.02 points (4.32%) from the previous trading day (1714.86). Dealers were busy working in the Hana Bank dealing room in Jung-gu, Seoul. On the same day, the won-dollar exchange rate opened at 1231.0 won, up 5.0 won from the previous trading day (1226.0 won). Photo by Kim Hyun-min kimhyun81@

[Asia Economy Reporter Minwoo Lee] The domestic stock market, which started with a decline of more than 4%, showed an upward trend at one point. Both the KOSPI and KOSDAQ indices recovered the 1700 and 500 levels respectively during the morning rebound.

According to the Korea Exchange on the 17th, as of 10:42 AM, the KOSPI index stood at 1702.06, down 0.75% (12.80 points) from the previous day. This is more than 60 points higher compared to the opening value of 1640.84. Around 10:35 AM, it rose to 1722.97, up 0.47% (8.11 points) from the previous day.

The KOSDAQ index, which started at 488.02, down 3.27% (16.49 points) from the previous day, also recovered the 500 level. As of 10:42 AM, it recorded 514.34, up 1.95% (9.83 points) from the previous day. Around 10:35 AM, it even rose to 518.72, up 2.82% (14.21 points) from the previous day.

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