Established in 1996, KOSDAQ is an acronym of Korean Securities Dealers Automated Quotations and is an digital inventory marketplace and the second one buying and selling board of Korea Exchange (KRX) in South Korea KOSDAQ became to begin with installation as an impartial inventory marketplace from the Korean Stock Exchange through Korea Financial Investment Associated. Its most important motive became to modernize and computerize the marketplace.
In 1997 at some stage in the Asian economic crisis, KOSDAQ marketplace indexes dropped, inflicting buyers to go through heavy losses, however recovered fast way to the South Korean Economy convalescing fast in general. In current years, KOSDAQ has loved a healthful growth, with an growing quantity of retail buyers setting borrowed cash into companies indexed at the marketplace.
Index price for capped indices is calculated as follows: Index = (Today’s general loose glide capped marketplace capitalization / preceding day general loose glide capped marketplace capitalization) x index price of the preceding day.
Regular trading hours for the U.S. stock market, including the New York Stock Exchange (NYSE) and the Nasdaq Stock Market (Nasdaq), are 9:30 a.m. to 4 p.m. Eastern time on weekdays (except stock market holidays).
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