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The aftermath of the US interest rate hike shook the Korean stock market today (17th) as well.
At one point during the day, the 2,400 line collapsed, while Samsung Electronics, the No. 1 market cap, fell to the 50,000 won level.
Correspondent Jo Ki-ho.
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Today's KOSPI went down as soon as it opened.
At one point, it fell more than 2%, breaking the 2,400 line.
It is the first time in one year and seven months since November 2020 that the KOSPI index has fallen below 2,400.
After that, it recovered again and closed the regular season at the 2,440 line.
In particular, Samsung Electronics, the No. 1 company in market capitalization, started at 50,000 won from the market price and never crossed the 60,000 won line, and also fell to Oman Electronics after 1 year and 7 months.
In addition, most major large-cap stocks such as SK Hynix, LG Chem, Hyundai Motor, Naver and Kakao ended lower.
Yesterday, the stock market ended with a slight uptrend, but it is interpreted to have turned to a downtrend as the US market shook overnight and fears about the future economic situation grew.
The won-dollar exchange rate once broke through the 1,290 won level and closed at 1,287.3 won, continuing unrest throughout the financial market.
In the midst of this, the Ministry of Strategy and Finance has diagnosed that the future of our economy will be darker.
In the recent June issue of Economic Trends, the Ministry of Strategy and Finance stated that there are concerns about an economic slowdown, with investment sluggish and export growth weakening amid high inflation.