KOSPI 3.68% surge; KOSDAQ opens lower
1On the day, the KOSPI 3.68% higher, 8,788.38 to close. On the same day, the KOSDAQ 1,050.03 to fall by 24.77 points, and on the day it opened at 2 and fell by 1,044.89 points. The introduction of a promotion and relegation system and discussions about the National Growth Fund came into focus on the KOSDAQ.5.14 points. The introduction of a promotion and relegation system and discussions about the National Growth Fund came into focus on the KOSDAQ.
1On the day, the KOSPI 3.68% higher to close at 8,788.38. At the close, the index recorded a record high at the 8,780 level. This is the closing-price figure.
On the same day, the KOSDAQ 1,050.03 to close at 24.77 points (2.30%) lower. The KOSDAQ index closed lower than the previous day. Sector movements were mixed.
2On the day, the KOSDAQ opened at 1,044.89 and fell by 5.14 points (0.49%). It opened lower in early trading. Volatility was observed in the day's intraday trading.
The proposal to introduce a “promotion and relegation system” that would change listing and downgrade criteria, along with discussions on creating a National Growth Fund, came into focus on KOSDAQ. The two policies are being discussed as measures to revitalize KOSDAQ. No specific implementation schedule has been finalized so far.
The won–U.S. dollar exchange rate was 1,504.3 won, down from the previous day by 3.6 won. The exchange rate ended slightly lower. Exchange-rate movements are being monitored alongside developments in overseas markets.
In summary, 1 the KOSPI and KOSDAQ moved in opposite directions. 2 KOSDAQ opened lower at the start of trading. Going forward, the indices may reflect further developments if policy schedules and corporate disclosures emerge.