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South Korea's KOSPI index falls 2% in intraday trading on 22 October

🇨🇳 China 12:32 Finance & markets Business3 updated 13 min ago first reported by 第一财经

In short

South Korea's KOSPI index was down 2% during trading on 22 October, according to three business outlets. Jiemian put the index at 5,614.88 points after the decline widened to 2%.

Why it matters

The documents are brief market flashes and give no cause or wider consequences. They show only that three business outlets reported the KOSPI decline within minutes of each other.

Key facts

  • The KOSPI index of South Korea fell 2% during trading on 22 October. [ 1 , 2 , 3 ]
  • CLS reported the intraday decline of 2% at 09:42 local time. [ 1 ]
  • Jiemian reported that the decline widened to 2%, with the index at 5,614.88 points. [ 3 ]

Confirmed by several sources

  • The KOSPI index was down 2% on 22 October, as reported by CLS, Yicai and Jiemian. [ 1 , 2 , 3 ]

Still unclear

  • What caused the KOSPI decline. None of the documents gives a reason for the fall.
  • The index level of 5,614.88 points. Only Jiemian gives this figure.
  • Where the index closed. The documents cover only the intraday move.

What local media are saying

Business mediaCLS, Yicai and Jiemian each ran a short flash on the 2% fall in the KOSPI. Jiemian said the decline had widened to 2% and gave the index level. [ 1 , 2 , 3 ]

Timeline, local time

  1. CLS reported that the KOSPI's intraday decline reached 2%. [ 1 ]
  2. Yicai reported that the KOSPI was down 2%. [ 2 ]
  3. Jiemian reported that the decline had widened to 2%, with the index at 5,614.88 points. [ 3 ]