Stock Market Plummets Over U.S.-China Trade War
11 May, 2019
Stock markets plunged in recent days amid dire economic indicators and jitters over a U.S.-China trade war.
The won closed at W1,179.80 against the U.S. dollar on Thursday, down W10.40 from the previous day and the lowest in two years and four months.
The benchmark Korea Composite Stock Price Index nosedived 3.04 percent, or 66 points, closing at 2,102.01 points, the lowest since Jan. 15.
Samsung Electronics shares fell four percent to W42,450. Other market leaders such as SK Hynix, Hyundai Motor and LG Chem also took a dive by 5.35 percent, 3.32 percent, and 3.65 percent.
The junior Kosdaq index also fell 2.84 percent to 724.22 points.
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