South Korea’s KOSPI index ended Oct. 16 with a daily gain, rising 113.82 points, or 2.05%, to close at 5,668.04, according to Bitget market data. Japan’s Nikkei 225 also finished higher on the day, adding 898.34 points, or 1.39%, to 65,324.29. Among major Korean stocks, Samsung Electronics rose 2.62%, while SK Hynix gained 0.79%.
Despite the rebound in Friday trading, the broader weekly picture remained weak. The KOSPI fell 14.5% over the week, marking its biggest weekly decline since October 2008. The figures point to a sharp contrast between the final session’s gains and the index’s steep loss across the full week.
South Korea’s KOSPI index closed higher on Oct. 16, rising 113.82 points, or 2.05%, to 5,668.04, according to Bitget market data.
Japan’s Nikkei 225 also ended the day in positive territory, up 898.34 points, or 1.39%, at 65,324.29. In South Korea’s equity market, Samsung Electronics gained 2.62% and SK Hynix added 0.79%.
Even so, the KOSPI posted a 14.5% decline for the week, its largest weekly drop since October 2008.
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