**Headline:** KOSDAQ Plunges7.57 Points, Closing at 779.87
**Keywords:** KOSDAQ decline, 7.57 points, Yonhap News Agency
**Content:**
**Seoul** – The KOSDAQ indexin South Korea closed down 7.57 points on Tuesday, ending at 779.87, a decline of 0.97%.
According to Yonhap News Agency, the KOSDAQ index fluctuated throughout the day, ultimately closing in the red. Analysts pointed to the recent heightened uncertainty in international markets, along with expectations of interest rate hikes by the Federal Reserve,as factors putting pressure on the South Korean stock market.
Additionally, a series of economic data recently released by the South Korean government has also sparked market concerns. The latest data from the Bank of Korea showed that South Korea’s economy slowedin the second quarter, intensifying concerns about the country’s economic outlook.
Despite the decline in the KOSDAQ index, the overall performance of the South Korean stock market remained relatively stable. The Korea Composite Stock Price Index (KOSPI) closed up 0.23% at 2,565.37.
**Analysts stated that the future trajectory of the South Korean stock market will continue to be influenced by multiple factors, including global economic growth prospects, the Federal Reserve’s monetary policy, and the domestic economic situation in South Korea. Investors need to closely monitor changes in these factors and invest cautiously.**
**Here are some recent updates related to the South Korean stock market:**
* The South Korean government has stated that it will continue to take measures to support economic growth, including increasing fiscal spending and easing monetary policy.
* The Governor of the Bank of Korea has indicated that they will closely monitor inflation and economic growth,taking necessary steps to maintain financial stability.
* South Korean businesses are cautiously optimistic about the future economic outlook, anticipating an economic recovery in the second half of the year.
**Investors should carefully assess risks and make investment decisions based on their individual circumstances.**
【来源】https://cn.yna.co.kr/view/ACK20240821002500881?section=economy/index&input=rss
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