KOSPI Ends Year with Tumble

The benchmark Korea Composite Stock Price Index closed the last trading day of the year at a lackluster 2,236.40 points, down 44.05 points from the previous session.

The stock market went into nosedive this year due to global inflation, sharp interest rate hikes around the world and the Russian invasion of Ukraine.

The KOSPI plummeted 24.9 percent this year, the biggest decline among 27 major bourses after Russia (41.5 percent) and Vietnam (32.2 percent).

Trading resumes on Jan. 2.