S. Korea's KOSPI down 0.51% at start of trading Tuesday
- 6 years ago
South Korea's benchmark KOSPI opened lower this morning... after closing below the 2-thousand mark for the first time in 22 months on Monday.
The main index was zero-point-five percent down at the start of trading... and was at around 19-90 at 9:30 this morning.
Tuesday could be the sixth straight session of declines... which come despite government efforts to boost market confidence, with the Financial Supervisory Commission saying it will launch a contingency plan to help stabilize markets this morning.
That follows the government's announcement on Monday that it plans to use a 428 million U.S. dollar fund to invest in undervalued local stocks.
Foreign investors and local individuals continued to sell off Korean stocks...mainly on growing concerns over the U.S.-China trade spat, U.S. rate hike and slowing local economy.
Overnight, U.S. stocks fell... with tech shares tumbling after a report that the Trump administration was set to press on with its trade war with China.
The main index was zero-point-five percent down at the start of trading... and was at around 19-90 at 9:30 this morning.
Tuesday could be the sixth straight session of declines... which come despite government efforts to boost market confidence, with the Financial Supervisory Commission saying it will launch a contingency plan to help stabilize markets this morning.
That follows the government's announcement on Monday that it plans to use a 428 million U.S. dollar fund to invest in undervalued local stocks.
Foreign investors and local individuals continued to sell off Korean stocks...mainly on growing concerns over the U.S.-China trade spat, U.S. rate hike and slowing local economy.
Overnight, U.S. stocks fell... with tech shares tumbling after a report that the Trump administration was set to press on with its trade war with China.