South Korea: Stocks lose 2019 gains as trade war continues

South Korea's $1.3 trillion stock market became the latest victim of the US-China trade war, with its benchmark index losing all of this year's advance on Wednesday.[SEOUL] South Korea's $1.3 trillion stock market became the latest victim of the US-China trade war, with its benchmark index losing all of this year's advance on Wednesday.

The Korean market became the second in Asia to forfeit gains made in 2019, after losing gains in intraday trading several times in the past week. Samsung Electronics Co, the biggest stock on the gauge by weighting, was down 1.8 per cent Wednesday on concerns that the world's largest memory-chip maker would be hit by shrinking demand due to the deepening trade disputes between the US and China. Semiconductor accounts for about a fifth of South Korea's exports.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

South Korea: Stocks edge higher on institutional buying[SEOUL] South Korea's KOSPI stock index inched up on Tuesday buoyed by strong institutional buying. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

S Korea: Stocks extend declines for third session[SEOUL] South Korea's KOSPI stock index ended lower for a third straight session on Monday amid an absence of market-moving news and over worries the China-US trade spat was turning into a technology cold war. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

S Korea: Stocks hit near 5-month low[SEOUL] South Korea's KOSPI stock index extended losses for a third week and ended at a near five-month low on Friday, as technology shares bore the brunt of selling due to escalated US-China trade tensions. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »