KOSDAQ was strong, while KOSPI 2% lower and the exchange rate 1,530won at the open
6In the opening session of 4, KOSPI opened 2.02% lower at 8,623.82, while KOSDAQ opened at 1,032.91 and rose 0.67%. The won-dollar exchange rate opened at 1,530.0won, up 13.6won at the start of trading.
KOSPI 6 opened 4 on 2.02% lower at 8,623.82. Selling pressure was observed in the early trading. Early-session movements diverged by index.
At the same time, KOSDAQ opened at 1,032.91 and rose 0.67%. Some reports said that KOSDAQ recorded gains in the 2% range. Gains and losses were mixed across the indexes.
The won-dollar exchange rate 6 opened 4 on 1,530.0 at the start. This was 13.6 won higher than the previous day. The exchange rate showed volatility at the start of trading.
Authorities are reportedly seeking ways to revitalize the KOSDAQ market. Policy reviews targeting the marginalized KOSDAQ are underway. Specific measures and the schedule remain to be announced separately.
In the opening market conditions observed on the same day, a decline in the KOSPI and a rise in the KOSDAQ were seen simultaneously. Differences between the indices stemmed from sector- and stock-specific trends. Investors kept watch on the authorities’ revitalization measures and movements in exchange rates.
This content is 6month 4day opening market conditions and related reports compiled as facts. Price movements of individual stocks and additional disclosures require separate confirmation. Attention should be paid to intraday volatility.