KOSPI opens slightly higher on Friday morning
Arirang News
2018-10-12
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After South Korea's benchmark KOSPI suffered its largest daily drop in almost seven years on Thursday,... the index recouped some of its losses in early trading on Friday.
For more, our Ko Roon-hee is on the line for us.
Roon-hee, tell us the latest.
Ji-yoon.
Korea's benchmark KOSPI opened slightly higher at market open on Friday... at two-thousand-one-hundred-31-point-six-six.
The main bourse closed at the lowest level seen this year in the previous session... falling under two-thousand-one-hundred-30 points.
Korea's tech-heavy, junior KOSDAQ index opened at seven-hundred-four-point-seven-two... down almost zero-point-four percent from Thursday's close.
The KOSPI is continuing to rise... and as of 11:30 am, the index stood at two-thousand-one-hundred-54-point-24,... a shade over one-percent from yesterday's close.
The KOSDAQ moved up as well...to seven-hundred-23-point 53.
Analysts attribute the recent fall to rising trade tensions between China and the U.S.,... and contagion fears in the emerging markets.
This is because many Korean companies rely highly on exports to these economies.
The index rose slightly this morning...mainly due to on strong buying by foreigners and institutions.
So we saw a slight rise in KOSPI in Korea, but what about the financial markets around the world?
Markets continued to plummet on both sides of the Atlantic on Thursday.
In London, the FTSE 100 shed close to two percent.
Germany's DAX finished down close to one-and-a-half percent,... while France's CAC 40 lost one-point-nine percent.
The pan-European Stoxx 600 shed close to 2 percent,... with financial services and oil and gas stocks leading the losses.
A dramatic sell-off on Wall Street a day earlier prompted the European benchmark to fall to its lowest level in more than 21 months.
U.S. markets saw another day of dramatic losses on Thursday.
The Dow Jones Industrial Average tumbled more than two percent.
The tech-heavy NASDAQ ended the day down 1-point-25 percent.
The S&P 500 didn't fare any better,... losing more than two percent.
Stocks have been stuck in the red because investors are growing increasingly concerned over rising interest rates.
That's all from me at this hour Ji-yoon.
For more, our Ko Roon-hee is on the line for us.
Roon-hee, tell us the latest.
Ji-yoon.
Korea's benchmark KOSPI opened slightly higher at market open on Friday... at two-thousand-one-hundred-31-point-six-six.
The main bourse closed at the lowest level seen this year in the previous session... falling under two-thousand-one-hundred-30 points.
Korea's tech-heavy, junior KOSDAQ index opened at seven-hundred-four-point-seven-two... down almost zero-point-four percent from Thursday's close.
The KOSPI is continuing to rise... and as of 11:30 am, the index stood at two-thousand-one-hundred-54-point-24,... a shade over one-percent from yesterday's close.
The KOSDAQ moved up as well...to seven-hundred-23-point 53.
Analysts attribute the recent fall to rising trade tensions between China and the U.S.,... and contagion fears in the emerging markets.
This is because many Korean companies rely highly on exports to these economies.
The index rose slightly this morning...mainly due to on strong buying by foreigners and institutions.
So we saw a slight rise in KOSPI in Korea, but what about the financial markets around the world?
Markets continued to plummet on both sides of the Atlantic on Thursday.
In London, the FTSE 100 shed close to two percent.
Germany's DAX finished down close to one-and-a-half percent,... while France's CAC 40 lost one-point-nine percent.
The pan-European Stoxx 600 shed close to 2 percent,... with financial services and oil and gas stocks leading the losses.
A dramatic sell-off on Wall Street a day earlier prompted the European benchmark to fall to its lowest level in more than 21 months.
U.S. markets saw another day of dramatic losses on Thursday.
The Dow Jones Industrial Average tumbled more than two percent.
The tech-heavy NASDAQ ended the day down 1-point-25 percent.
The S&P 500 didn't fare any better,... losing more than two percent.
Stocks have been stuck in the red because investors are growing increasingly concerned over rising interest rates.
That's all from me at this hour Ji-yoon.
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