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South Korea: Stocks fall as jump in virus cases stoke economic worries

  • 📰 BusinessTimes
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Read more at The Business Times.

The Seoul stock market's main KOSPI ended down 14.84 points, or 0.67 per cent, at 2,195.50.[SEOUL] South Korean stocks fell on Thursday as a spike in new coronavirus cases in the country fanned worries about the economic impact of the epidemic.South Korea's government reported 31 new cases of coronavirus on Thursday, after a new outbreak traced to church services in the southwestern city of Daegu, bringing the number of people infected in the country to 82.

The fast spread of the virus heightened investors' fears, which weighed on the won, said Lee Kyoung-min, an analyst at Daishin Securities.

 

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