South Korean shares had their best session in more than 11 years on Friday, boosted by massive stimulus measures across the world to cushion the economic hit from the coronavirus pandemic.[SEOUL] South Korean shares had their best session in more than 11 years on Friday, boosted by massive stimulus measures across the world to cushion the economic hit from the coronavirus pandemic.
The benchmark KOSPI surged 108.51 points, or 7.44 per cent, to 1,566.15, ending a six-day losing streak and posting its one-day percentage gain since December 8, 2008. Still, the KOSPI lost 11.59 per cent this week, following a 13.17 per cent plunge in the previous week, on worries about the coronavirus' impact on the global economy. It has tumbled a total of 34.6 per cent in the previous 30 trading sessions.
Trading of equities in the benchmark index was halted for five minutes on Friday, after KOSPI 200 futures jumped more than 5 per cent, the Korea Exchange said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US stocks suspended on deep losses, S&P 500 down 7.0%NEW YORK: Trading on Wall Street was halted again on Wednesday (Mar 18) due to rising fear about the economic hit from the coronavirus in spite of ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US stocks suspended on deep losses, S&P 500 down 7%NEW YORK (AFP) - Trading on Wall Street was halted again on Wednesday (March 18) due to rising fear about the economic hit from the coronavirus in spite of massive government stimulus announcements.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Hong Kong: Stocks erase early gains to end sharply lower[HONG KONG] Hong Kong shares suffered an afternoon collapse on Wednesday, reversing a morning rally that had come on the back of massive stimulus pledges from governments looking to soften the impact of the coronavirus. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Asia stocks dive, dollar soars as ECB bazooka fails to ease fearsAsian equities took another beating Thursday while the dollar surged as a European Central Bank plan to spend more than $800 billion to buy bonds ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US senator sold stocks after suggesting US was prepared for coronavirusWASHINGTON (NYTIMES)- Senator Richard Burr sold hundreds of thousands of dollars' worth of stock in major companies last month as President Donald Trump and others in his party were still playing down the threat presented by the coronavirus outbreak and before the stock market's precipitous plunge.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Stocks to watch: Singapore Airlines, JSH, JMH, Suntec Reit, AEMTHE following companies saw new developments that may affect trading of their securities on Friday: Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »