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South Korea: Stocks down on report of China pessimism over trade deal

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The Seoul stock market's main KOSPI ended down 7.45 points, or 0.34%, at 2,153.24.[SEOUL] South Korean shares slipped on Tuesday on a media report that the United States and China remained poles apart in phasing out tariffs.Chinese officials were troubled by US President Donald Trump's reluctance to roll back tariffs, which China believed the United States had agreed to, CNBC reported, quoting a government source.

In addition to the disagreement between the two countries, Hong Kong's intensifying protests also triggered investors' anxiety, said Lee Kyoung-min, an analyst at Daishin Securities.

 

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