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US-China Trade Worries Continue to Pull Down S. Korean Stocks

Written: 2018-06-26 15:58:58Updated: 2018-06-26 16:56:24

South Korean stocks continued their recent slide on Tuesday as escalating trade tensions between the U.S. and China affected investor sentiment.   

The benchmark Korea Composite Stock Price Index(KOSPI) fell by point-98 percent at one point during trading before rebounding off the back of institutional buying. It closed the day at two-thousand-350-point-92, falling six-point-96 points, or point-30 percent, from the previous day. 

The tech-heavy KOSDAQ also weakened, losing four-point-60 points, or point-55 percent, closing at 831-point-40. 

On the foreign exchange, the local currency strengthened two-point-four won against the dollar, ending the session at one-thousand-114-point-eight won.





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