South Korea's KOSPI stock index closed lower on Friday amid uncertainty over whether the Sino-US negotiations at the G20 summit would produce progress in ending the year-long trade war between the world's two largest economies.[SEOUL] South Korea's KOSPI stock index closed lower on Friday amid uncertainty over whether the Sino-US negotiations at the G20 summit would produce progress in ending the year-long trade war between the world's two largest economies.
The index turned lower on undcertainties over the Trump-Xi meeting, said Seo Sang-young, an analyst at Kiwoom Securities. The Seoul stock market climbed early this year on expectations of a trade deal and a rebound of memory chip industry, though the KOSPI index dropped in May hit by trade uncertainties, Mr Seo added.
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South Korea: Stocks finish higher on trade truce expectations[SEOUL] South Korea's KOSPI stock index closed higher on Thursday on expectations of a US-China trade truce, while chipmakers extended their rally after Micron Technology saw a recovery in demand. Read more at The Business Times.
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