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Economic Report

Economic reports, briefs issued by Samsung Economic Research Institute

Financial Market Trends (Dec. 18 - 31)

Financial Market Trends (Dec. 18 - 31)

Jan. 4, 2003

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ㆍMoney & Bond Market

During the two-week period, interest rates fell overall affected by the high possibility of a war in Iraq and the nuclear bomb threat from North Korea.

ㆍStock Market

During the past two weeks, both the Korea Stock Price Index (KOSPI) and the KOSDAQ Index exhibited a steep decline, closing the two-week period at 627.55 (a 10.9% decline from the close of two weeks ago) and 44.36 (a 15.9% decline from the close of two weeks ago), respectively.

ㆍForeign Exchange Market

During the past two-week period, the KRW/USD exchange rate exhibited a steep decline, despite the heightening tension in the Korean peninsula. The exchange rate fell 17.5 won from 1,203.7 won per U.S. dollar to 1,186.2 won per U.S. dollar.


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