Shares plunged on Wednesday. The Kospi closed at 2,435.90 points on Wednesday, down 2.47 percent, or 61.69 points, from the previous trading session. The local currency fell in value against the dollar.
Screens in Hana Bank's trading room in central Seoul show the Kospi closing at 2,435.90 points on Wednesday, down 2.47 percent, or 61.69 points, from the previous trading session. The Kosdaq shed 2.55 percent, or 21.78 points, to close at 833.05. Shares plunged on Wednesday on dampened hopes that the U.S. Federal Reserve will start cutting its rates soon and over uncertainties on the Chinese economy. The local currency sharply fell in value against the dollar to finish at 1,344.20 won, up 12.4 won from the previous session's close. [NEWS1]
![Screens in Hana Bank's trading room in central Seoul show the Kospi closing at 2,435.90 points on Wednesday, down 2.47 percent, or 61.69 points, from the previous trading session. The Kosdaq shed 2.55 percent, or 21.78 points, to close at 833.05. Shares plunged on Wednesday on dampened hopes that the U.S. Federal Reserve will start cutting its rates soon and over uncertainties on the Chinese economy. The local currency sharply fell in value against the dollar to finish at 1,344.20 won, up 12.4 won from the previous session's close. [NEWS1]](https://img4.daumcdn.net/thumb/R658x0.q70/?fname=https://t1.daumcdn.net/news/202401/17/koreajoongangdaily/20240117182452745uwlu.jpg)