KOSPI touches 13-month low on U.S.-China trade war
- 6 years ago
코스피, 무역분쟁 우려에 2,300선마저 붕괴
South Korea's main stock index briefly touched its lowest level in 13 months on Friday.
In mid-day trading, the benchmark KOSPI dropped below 23-hundred points… and briefly dipped as low as 22-96.
But the KOSPI rebounded -- ultimately a gain for the day.
It closed at 23-26,... up half a percent from the previous session.
Analysts attributed the brief fall to the trade spat between China and the U.S., which investors see as having a direct effect on South Korea's trade with the two countries.
Another main reason is an outflow of foreign capital... that picked up after the U.S. Federal Reserve raised interest rates earlier this month.
As for Korea's junior stock index, the KOSDAQ, it dipped by 5 points in the morning, but recovered for a 1 percent gain.
South Korea's main stock index briefly touched its lowest level in 13 months on Friday.
In mid-day trading, the benchmark KOSPI dropped below 23-hundred points… and briefly dipped as low as 22-96.
But the KOSPI rebounded -- ultimately a gain for the day.
It closed at 23-26,... up half a percent from the previous session.
Analysts attributed the brief fall to the trade spat between China and the U.S., which investors see as having a direct effect on South Korea's trade with the two countries.
Another main reason is an outflow of foreign capital... that picked up after the U.S. Federal Reserve raised interest rates earlier this month.
As for Korea's junior stock index, the KOSDAQ, it dipped by 5 points in the morning, but recovered for a 1 percent gain.