KOSPI opens 1.14% lower at 5,670.11 on 22 October, KOSDAQ also down
In short
South Korea's KOSPI opened down 65.55 points, or 1.14%, at 5,670.11 on 22 October. Yonhap reported that the index then narrowed its loss, trading at 5,694.02 (down 0.73%) at 9:02, while the KOSDAQ was down 0.87% at 785.85.
Read the full story 1 min read
South Korea's benchmark KOSPI opened lower on 22 October. Newsis, Asia Economy and Seoul Economic Daily reported that the index started trading 65.55 points, or 1.14%, down at 5,670.11. [ 1 , 2 , 3 ]
Yonhap reported that the KOSPI then moved to narrow its loss. At 9:02 the index stood at 5,694.02, down 41.64 points (0.73%) from the previous session. The KOSDAQ opened down 2.92 points (0.37%) at 789.84 and, at the same time, was at 785.85, down 6.91 points (0.87%). The documents give no reason for the declines. [ 4 ]
Why it matters
The documents are short market reports and give no reason for the decline, so they offer no basis for wider significance beyond the day's opening moves in South Korea's two main stock indexes.
Key facts
- The KOSPI opened at 5,670.11, down 65.55 points (1.14%), on 22 October. [ 1 , 2 , 3 , 4 ]
- At 9:02 the KOSPI was at 5,694.02, down 41.64 points (0.73%) from the previous session, according to Yonhap. [ 4 ]
- The KOSDAQ opened at 789.84, down 2.92 points (0.37%). [ 4 ]
- At 9:02 the KOSDAQ was at 785.85, down 6.91 points (0.87%), according to Yonhap. [ 4 ]
Confirmed by several sources
Still unclear
- Why the market opened lower is not stated. None of the documents gives a cause for the decline.
- Whether the KOSPI's narrowing of losses continued after 9:02. The documents only report the opening and the 9:02 reading.