KOSPI slumps nearly 3% during mid-day trading on Thursday
  • 6 years ago
Tracking losses on Wall Street,... South Korea's benchmark KOSPI dipped below the 2-thousand-160 mark on Thursday,... the lowest intraday level of the year.
It's a three-percent drop from the previous day... which closed down for the seventh consecutive trading session.
Analysts attribute the jitters to trade tensions between China and the U.S.,... fears of contagion in the emerging markets... as well as the growing interest rate gap between Korea and the U.S.
On Thursday alone,... foreign investors are estimated to have sold... around 201-point-8-million U.S. dollars worth of shares... on the main bourse.
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