Stock Market Tumbles on Coronavirus Resurgence

  • By Lee Joon-woo

    August 21, 2020 09:52

    The Korean stock market plummeted more than three percent on Thursday due to a resurgence of coronavirus cases and uncertainties about the U.S. economy.

    The Korea Composite Stock Price Index closed down 3.66 percent at 2,274.22 points. That was the biggest daily decline since June 15 of this year. The junior Kosdaq also plunged 3.37 percent to 791.14 points, falling below 800 for the first time since July 27.

    An electronic board at KEB Hana Bank headquarters in Seoul shows the Korea Composite Stock Price Index closing at 2,274.22 points on Thursday.

    SK Hynix' share price tumbled 4.27 percent, ceding the No. 2 spot in terms of market capitalization to Samsung Bigologics for the first time in three years and five months.

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