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W47tr wiped out from Korean stock market on Brexit vote
By Korea HeraldPublished : June 24, 2016 - 18:03
[THE INVESTOR] Over 47 trillion won (US$40 billion) has been erased from the Korean stock market as Britain voted to leave the European Union on June 24.
The combined market capitalization on the main KOSPI and tech-heavy KOSDAQ markets fell by 47.44 trillion won to 1,420.32 trillion won from a session earlier.
It is the biggest drop since Nov. 10, 2011, when the market cap plunged by 57.22 trillion won.
Market heavyweight Samsung Electronics plunged 2.1 percent. Hyundai Mobis fell 2.27 percent while Internet portal giant Naver dropped 1.07 percent.
Those who fell outnumbered advancers 824 to 40.
By Park Han-na (hnpark@heraldcorp.com)
The combined market capitalization on the main KOSPI and tech-heavy KOSDAQ markets fell by 47.44 trillion won to 1,420.32 trillion won from a session earlier.
It is the biggest drop since Nov. 10, 2011, when the market cap plunged by 57.22 trillion won.
Market heavyweight Samsung Electronics plunged 2.1 percent. Hyundai Mobis fell 2.27 percent while Internet portal giant Naver dropped 1.07 percent.
Those who fell outnumbered advancers 824 to 40.
By Park Han-na (hnpark@heraldcorp.com)
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Articles by Korea Herald
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