Anchor: Stock markets around the world stabilized on Tuesday after plunging the previous day due to global uncertainties. South Korea's main index closed with a slight gain on Tuesday, while the government convened a meeting to discuss the impact of China's economic slowdown on the South Korean markets.
Kim Eun-ji has more.

Report: Asian stock markets managed to stabilize on Tuesday after suffering a blow from global uncertainties, including China's Shanghai Composite Index that plunged almost seven percent on Monday causing the circuit breaker to kick in. 

South Korea's benchmark Korea Composite Stock Price Index (KOSPI), which lost more than two percent on Monday, inched up zero-point-61 percent on Tuesday. 
 
The closing figure was one-thousand-930-point-53 points, up eleven-point-77 points from Monday's close.

Foreign investors continued the 22nd-day streak of selling, while institutional and retail investors net purchased.

The KOSDAQ, home to many technology firms, rebounded six-point-28 points, or zero-point-93 percent, to finish at 684-point-07.

However, experts warned that investor sentiment continues to be unstable, noting the possibility of further market drops if risk factors such as China's economic slowdown continues.

Meanwhile, the South Korean government said Tuesday that the Chinese stock market plunge on Monday will have a limited impact on the South Korean financial market.
 
The reassuring remark came from Deputy Finance Minister of International Affairs Choi Hee-nam during a senior-level meeting of the Ministry of Strategy and Finance.

He said the Shanghai Composite Index freefall was not so much a reflection of the fundamentals of the Chinese economy as a technical issue, adding investors overreacted to the circuit-breaker system introduced to the Chinese market for the first time in December.
 
Choi noted although the manufacturing index in China was in bad shape, other indices of the Chinese economy were not bad.
 
The deputy minister said the intensifying conflict between oil-rich nations Saudi Arabia and Iran has applied more selling pressure on the Chinese stock market by deepening risk-off sentiment among investors.
 
He assured the South Korean financial market will be stabilized soon, vowing that the local authorities will continue to monitor the situation.
 
On Tuesday, Japan's Nikkei 225 declined zero-point-42 percent, posting a moderate drop compared to Monday. 
Kim Eun-ji, KBS World Radio News.