korean-won

KOSPI Sinks 6.65% as Won Slides Past 1,497

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KOSPI Sinks 6.65% as Won Slides Past 1,497

Lead: the single most important number today The KOSPI fell 6.65% to close at 6,806.93, by far the sharpest single-day move across the major indices this week. The drop stands out against a much calmer tape elsewhere: the S&P 500 slipped just 0.34% to 7,517.78 and the Nasdaq eased 1.24% to 25,883.09. Meanwhile the won … Read more

KOSPI’s 5% Drop Exposes Korea’s Semiconductor Export Vulnerability

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KOSPI's 5% Drop Exposes Korea's Semiconductor Export Vulnerability

The Setup Korea’s benchmark equity index, the KOSPI, fell 5.34% in a single session on July 8, closing at 7,656.31 — a jarring divergence from the comparative calm in New York, where the S&P 500 gained 0.48% to 7,518.88 and the NASDAQ added 0.52% to reach 25,968.15. The CBOE VIX finished at 15.6, barely changed, … Read more