Domestic Stock Market Experiences Record Largest Drop... KOSDAQ Plummets 13%

[Asia Economy Reporter Oh Ju-yeon] On the 19th, both domestic stock markets recorded the largest single-day drop in history.

According to the Korea Exchange, as of 3:02 PM, the KOSPI plunged 8.26% compared to the previous trading day. During the session, it fell to 1439.43, showing a decline rate of 9.54%.

In particular, this is the largest drop ever recorded in terms of magnitude. The previous largest single-day drop in KOSPI was 126.50 points on October 16, 2008.

Although it may vary depending on the closing price of the day, as of this time, the KOSPI's decline rate ranks fifth in history. The KOSPI fell by 12.02% on September 12, 2001, marking the largest drop. It also showed declines of -11.63% on April 17, 2000, and two drops of -10.57% and -9.44% in October 2008.

The KOSDAQ index's rate of change set a new record for the largest drop. Following the collapse of the 430 level, the KOSDAQ index showed a decline of 12.48% as of 3:09 PM.

This is the largest drop since the 11.59% plunge on September 12, 2001.

This content was produced with the assistance of AI translation services.