S Korean financial market see decline in volatility in 2009

15:56, January 28, 2010      

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South Korean financial market grew less volatile in 2009 compared to a year ago as the economy walked on a recovery path, Seoul's bourse operator said Thursday.

According to the Korea Exchange (KRX), the nation's main index KOSPI posted an average day-to-day volatility of 1.55 percent in 2009, down 0.90 percentage point from a year earlier.

The junior bourse KOSDAQ also saw a decrease in day-to-day volatility, which decreased 1.00 percentage point year-on-year to 1.52 percent, the KRX said.

The financial market, which saw a surge in volatility in 2008 up to some 2 percent level amid a global financial turmoil, became more stabilized as the economy entered a recovery phase, the KRX added.

Meanwhile, the bourse operator also reported a downward trend in the monthly average of intra-day share price moves, saying it is lower than the figure tallied by major economies.

The KOSPI, according to the KRX, saw a below-2 percent intra- day volatility on average in May, which continued to move as low as some 1 percent.

The KOSPI's average intra-day volatility for January stays at 1.18 percent, which is a second-high following that of the United States, the KRX added.

Source: Xinhua
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