South Korean Stock Market Drops to One-Year Low

South Korean Stock Market Drops to One-Year Low


South Korean stock market shares dropped by slightly over two percent on Monday to reach a one-year low, Yonhap News Agency reported, noting the development came amid increased concern among Asian investors that a global economic recession may be on the horizon.

“The benchmark Korea Composite Stock Price Index (KOSPI) slumped 49.9 points, or 2.04 percent, to close at a fresh 19-month low of 2,391.03 points. The index dipped to an intraday low of 2,372.35 points,” the Seoul-based Yonhap reported on June 20.

Further detailing South Korea’s stock market activity on Monday, Yonhap wrote:

Trading volume was moderate at about 583 million shares worth some 9 trillion won (US$7 billion), with losers outnumbering gainers 585 to 62.

Trending: Bo Polny CONFIRMED: The First of 3 Dominoes Has Fallen, Here’s What Comes Next…

Foreigners dumped a net 662 billion won,

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend