South Korea: Stocks wobble on recession, trade war concerns

South Korean shares ended lower on Tuesday as a drop in US yield curve fuelled demand for safe-haven bets, adding pressure on the market, already hit by Sino-US trade war and Japan's export curbs.[SEOUL] South Korean shares ended lower on Tuesday as a drop in US yield curve fuelled demand for safe-haven bets, adding pressure on the market, already hit by Sino-US trade war and Japan's export curbs.Foreigners were net sellers of US$142.88 million worth of shares on the main board.

South Korea's construction stocks slumped after the government introduced a regulation to cool the housing market. The construction sub-index was the biggest percentage loser among KOSPI sub-indexes, with a 2.9 per cent drop. The KOSPI dropped 5.64 per cent so far this year, but lost 8.8 per cent in the previous 30 trading sessions.

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