South Korea: Stocks lose 2019 gains as trade war continues

South Korea's $1.3 trillion stock market became the latest victim of the US-China trade war, with its benchmark index losing all of this year's advance on Wednesday.[SEOUL] South Korea's $1.3 trillion stock market became the latest victim of the US-China trade war, with its benchmark index losing all of this year's advance on Wednesday.

The Korean market became the second in Asia to forfeit gains made in 2019, after losing gains in intraday trading several times in the past week. Samsung Electronics Co, the biggest stock on the gauge by weighting, was down 1.8 per cent Wednesday on concerns that the world's largest memory-chip maker would be hit by shrinking demand due to the deepening trade disputes between the US and China. Semiconductor accounts for about a fifth of South Korea's exports.

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