Share Prices Plummeted by the Margin of 64P

Share prices plummeted on the Korea stock market by the greatest margin in the history due to the terror shock in the United States.

The bond interest also plummeted by the big margin (rise of the bond price) due to the delayed economic recovery and additional decreased interest rate. The Korean won rose against dollar as dollar value fall down. The composite Korea Stock Price Index (KOSPI) lost 64.97 yesterday, to close at 475.60. The fall was 12.02 percent, the largest loss since the market opened. Item whose price fell down was as many as 844 including 621 item with the lowest limit. The counter Kosdaq market also plummeted by the margin of 11.59 percent, the largest loss in the history of the market. The Kosdaq index fell 7.16 points to close at 54.64. The number of item whose price fell down was 646 including 591 items with the lowest limit, and which is the largest number so far.

In these two markets, items with price rise were 26 including 7 items with the upper limit. Share prices of Oil companies rose, as oil price is expected to go up.

Meanwhile, the three-year National bond fell by the margin of 0.06 point or 5.

11 percent in the bond market. Bond dealers paid more attention to the future fall, however, they were very nervous about the future stir in the bond market.

While Seoul currency market was rather quite as people sat on the fence, Won-Dollar exchange rate fell down largely by some U.S. dollars that were put on the market. The Korean won rose by the margin of 9.70 won against the dollar to close at 1286.1 won. The experts predicted that the greenback will lose value against won, moving between 1280~1290.

Park Jeong-Hun sunshade@donga.com