News Formal

Seoul: Stocks drop over 1% on foreigners' sell-off

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

[SEOUL] South Korea's KOSPI stock index stumbled on Thursday as foreigners sold off local stocks, marking the biggest amount since Oct 23, 2018, amid mounting tension between the United States and China. Read more at The Business Times.

South Korea's KOSPI stock index stumbled on Thursday as foreigners sold off local stocks, marking the biggest amount since Oct 23, 2018, amid mounting tension between the United States and China.[SEOUL] South Korea's KOSPI stock index stumbled on Thursday as foreigners sold off local stocks, marking the biggest amount since Oct 23, 2018, amid mounting tension between the United States and China.The KOSPI has risen 1.31 per cent so far this year, and fell 3.

The won was quoted at 1,191.5 per dollar on the onshore settlement platform, 0.24 per cent lower than its previous close at 1,188.6, after it hit a fresh 28-month low. A senior South Korean finance ministry official told Reuters by phone that"authorities are closely watching the foreign exchange market" which is usually taken by dealers as a warning against one-way bets on the currency. Multiple FX dealers suspected the authorities were selling dollars to curb won's weakness.

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:

 /  🏆 15. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Seoul: Stocks rise tracking Wall Street on trade optimism; won steady[SEOUL] South Korea's KOSPI stock index rose 9.46 points, or 0.45 per cent, to 2,091.30 on Wednesday, in line with Wall Street gains on trade optimism. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Seoul: Stocks sink as Trump hits China's Huawei with severe sanctions[SEOUL] South Korea's KOSPI stock index sagged on Thursday as US President Donald Trump escalated trade frictions with China, by imposing sanctions on Chinese telecommunications giant Huawei. Meanwhile, the Korean won and the benchmark bond yield fell. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Singapore stocks turn negative after Trump tariff hike: STI down 0.05%SINGAPORE stocks resumed trading on Friday afternoon in negative territory, with the Straits Times Index down 0.05 per cent or 1.71 points to 3,267.99, on the day as at 1.01pm. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »