[SEOUL] South Korean shares fell the most in two months on Tuesday as worries about a surge in domestic coronavirus cases eclipsed optimism from an overnight tech-fuelled rally on Wall Street.
The benchmark Kospi closed down 59.25 points, or 2.46 per cent, at 2,348.24. That marked the sharpest decline since June 15. South Korea reported a three-digit increase in novel coronavirus cases for a fifth consecutive day, as authorities scrambled to trace hundreds of members of a church congregation, and the military locked down bases to counter the spread of the virus. The country reported a total 15,761 infections and 306 deaths.
"The spike of Covid-19 cases during the holiday weekend dented the sentiment ... there are worries that the virus spread could worsen and would delay the economic recovery," said Lee Young-gon, an analyst at Hana Financial Investment.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Europe: Miners lift stocks, travel firms hit by surging Covid-19 cases[BENGALURU] European shares closed higher as China-exposed miners jumped on fresh stimulus for the world's second-largest economy, but concerns about a resurgence of coronavirus cases in the region kept gains in check. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Stocks to watch: Sembcorp, ThaiBev, iFast, Ascendas Reit, Yoma StrategicSINGAPORE (THE BUSINESS TIMES) - The following companies saw new developments that may affect trading of their securities on Tuesday (Aug 18):. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Stocks to watch: Sembcorp, ThaiBev, iFast, Ascendas Reit, Yoma StrategicTHE following companies saw new developments that may affect trading of their securities on Tuesday: Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Hong Kong: Stocks end with gains[HONG KONg] Hong Kong stocks finished Monday on a positive note, with investors keeping tabs on China-US relations and US stimulus talks, while equities on the mainland were boosted by the central bank's huge cash injection into financial markets. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Europe: Stocks climb at open[LONDON] Europe's main stock markets rose at the start of trading on Monday, with London's benchmark FTSE 100 index gaining 0.3 per cent to 6,105.51 points. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »