Seoul: Stocks sink as Trump hits China's Huawei with severe sanctions

📆 2019/05/16 14:05:00

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[SEOUL] South Korea's KOSPI stock index sagged on Thursday as US President Donald Trump escalated trade frictions with China, by imposing sanctions on Chinese telecommunications giant Huawei. Meanwhile, the Korean won and the benchmark bond yield fell. Read more at The Business Times.

📆 2019/05/16 14:05:00
📰 BusinessTimes

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The country's largest automaker Hyundai Motor is trading up 0.8 per cent while Kia Motors added more than 1.2 per cent, making the auto sub-index the sole gainer among KOSPI subcategories.The KOSPI has risen 1.81 per cent so far this year, and fell 3.5 per cent in the previous 30 trading sessions.

The trading volume during the session on the KOSPI index was 261.55 million shares and, of the total traded issues of 894, the number of advancing shares was 295. The won was quoted at 1,189.3 per US dollar on the onshore settlement platform, 0.06 per cent lower than its previous close at 1,188.6.

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