From TokenPost · · 40s
South Korea's KOSPI Drops 14.5% in Worst Week Since 2008
South Korea's KOSPI plunges 14.5% in worst weekly drop since 2008, signaling global risk fears.
In brief
South Korea's KOSPI plunges 14.5% in worst weekly drop since 2008, signaling global risk fears. South Korea's KOSPI fell 14.5% for the week, its steepest decline since October 2008, amid regional equity selloffs. Originally reported by TokenPost.
KOSPI Weekly Drop
South Korea's KOSPI fell 14.5% over the week through Friday, its steepest weekly decline since October 2008.
Friday Rebound
The benchmark ended Friday higher, adding 113.82 points, or 2.05%, to 5,668.04, but the weekly loss remained the index's largest in nearly 18 years.
Regional Impact
Japan's Nikkei 225 rose 1.39% to 65,324.29, while Samsung Electronics gained 2.62% and SK Hynix rose 0.79%.
In short
South Korea's KOSPI fell 14.5% for the week, its steepest decline since October 2008, amid regional equity selloffs.
