Where Is the Bottom... KOSDAQ Falls Below 800 for the First Time in 10 Months (Update)
First Time in the 700s Since September Last Year
The exchange rate, KOSPI, and KOSDAQ indexes are displayed on the index board in the dealing room of Hana Bank headquarters in Jung-gu, Seoul. 2027.07.08 Photo by Dongjoo Yoon
View original imageThe sharp decline in the KOSDAQ continues, with the index falling below 800 for the first time in 10 months.
As of 11:19 a.m. on July 8, the KOSDAQ was trading at 797.98, down 4% from the previous trading day. This is the first time since September last year that the KOSDAQ has dropped into the 700-point range.
The KOSDAQ index, which started the year in the 900-point range, has steadily declined, losing around 13% so far this year. This contrasts with the KOSPI, which, although recently undergoing a correction, is still up by approximately 78% this year.
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Industry analysts point out that the index could rise only if loss-making marginal companies listed on the KOSDAQ are quickly delisted.
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