Seoul: Stocks flat as Hong Kong unrest unnerves investors

South Korean shares were flat on Wednesday as mounting tensions in Hong Kong over China's proposed security law eclipsed the optimism about economies reopening from the lockdown.[SEOUL] South Korean shares were flat on Wednesday as mounting tensions in Hong Kong over China's proposed security law eclipsed the optimism about economies reopening from the lockdown.

The benchmark KOSPI edged up 1.42 points, or 0.07 per cent, to 2,031.20, as tensions between China and the United States ramped up. Worsening relations between the world's two biggest economies could further hobble global business activity, which is already under intense pressure due to the pandemic. China's parliament is expected to approve a proposed security law on Thursday that would reduce Hong Kong's separate legal status, calling into question the special economic status the territory currently enjoys under the US law.

South Korean financial markets also awaited the Bank of Korea's policy meeting on Thursday, where it is expected to cut its base rate to a fresh record low of 0.50 per cent.For daily updates on weekdays and specially selected content for the weekend. Subscribe to

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Asian stocks pull back as Hong Kong uncertainty weighsAsian shares shed some of their recent gains on Wednesday as investor concerns about rising tensions between the United States and China tempered ...
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Hong Kong: Stocks finish on a low[HONG KONG] Hong Kong shares ended with losses Wednesday as traders fret over protests in the city, fearing a repeat of the violence that hit the economy last year as well as rising China-US tensions. Read more at The Business Times.
مصدر: BusinessTimes - 🏆 15. / 51 اقرأ أكثر »