Photo : YONHAP News
The benchmark Korea Composite Stock Price Index(KOSPI) closed in the seven-thousand-500 range on Monday after witnessing sharp volatility during trading.
The KOSPI rose 22-point-86 points, or zero-point-31 percent, to close at seven-thousand-516-point-04 on Monday.
The index opened down 49-point-89 points, or zero-point-67 percent, from Friday at seven-thousand-443-point-29 and had even dipped to the seven-thousand-100 range.
At one point, authorities activated the sell-side “sidecar” mechanism for the second consecutive session after the KOSPI 200 Futures index dropped more than five percent.
But later on, the index picked up after semiconductor stocks rebounded and foreigners net sold more than three-point-six trillion won worth of shares.
Individual and institutional investors purchased some two-point-two trillion won and one-point-three trillion won, respectively.
The tech-heavy KOSDAQ fell 18-point-73 points, or one-point-66 percent, from the previous session to one-thousand-111-point-09.