S Korea: Stocks plunge nearly 1.5% amid intensifying trade frictions

South Korean shares slumped 1.4 per cent on Thursday as foreign investors and local institutions trimmed their equity exposure amid intensifying trade frictions. The won and the benchmark bond yield fell after the central bank cut its 2019 growth forecast further to a seven-year low.[SEOUL] South Korean shares slumped 1.4 per cent on Thursday as foreign investors and local institutions trimmed their equity exposure amid intensifying trade frictions.

The main KOSPI stock index closed down 32.12 points, or 1.43 per cent, at 2,213.77, declining for a second straight session. South Korean shares extended losses as foreign investors who have been key to recent gains turned net sellers, said Kim Hyoung-ryoul, chief of research centre at Kyobo Securities.South Korea's central bank cut its 2019 growth forecast further to a seven-year low while keeping its policy rate unchanged, bolstering chances it may soon cut rates amid sagging exports and muted inflation.

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Tokyo: Stocks open modestly higher in cautious trade[TOKYO] Tokyo stocks opened marginally higher on Thursday with help from a cheaper yen, but investors were cautious ahead of Easter holidays on overseas markets. Read more at The Business Times.
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Hong Kong: Stocks down in early trade[HONG KONG] Hong Kong stocks opened with fresh losses Tuesday morning tracking a negative lead from Wall Street. Read more at The Business Times.
Herkunft: BusinessTimes - 🏆 15. / 51 Weiterlesen »