Korea’s KOSDAQ index fell virtually 26% on worries about austerity this year, producing it the most sluggish amid the key indexes of 20 significant nations (G20), like the US Nasdaq.
According to the end result of the Korea Exchange compiling the price of variation of the G20 consultant inventory index this 12 months from the 7th, the KOSDAQ index fell 25.98% from the closing price on January 3, the greatest fall amid indices from 20 international locations.
The KOSPI also fell by 20.49%, the next greatest drop following big indices these as the US, Italy and Russia.
Seeking at inventory marketplace fluctuations by region, the United States (Dow index -13.68%, Nasdaq index -25.52%), Italy -22.51%, and Russia -23.36% confirmed the greatest decreases respectively.
Germany (-19.38%), European Union (-17.29%), France (-15.40%), China (Shanghai Composite Index -14.72%), Mexico (-13.00%), Australia (-12.22%), South Africa (-). 10.22%), Japan (Nikkei 225 Index -6.39%), and India (-.26%) also fell at the exact time.
On the other hand, the Turkish stock market rose 76.62% this yr, Argentina greater 64.76%, and the inventory marketplaces of Indonesia (7.82%), Brazil (5.62%) and Saudi Arabia (4.73%) also showed an upward development.
Securities firms predicted the KOSPI would weaken this month owing to fears of further amount hikes by the US Federal Reserve.