Losing Streak May Continue For South Korea Shares

(RTTNews) - The South Korea stock market has finished lower in three straight trading days, sliding almost 40 points or 1.9 percent along the way. The KOSPI now rests just above the 2,125-point plateau and it may extend its losses on Thursday.

The global forecast is soft thanks to ongoing melodrama regarding a possible trade agreement between the United States and China. The European and U.S. markets were down and the Asian bourses are tipped to follow suit.

The KOSPI finished sharply lower on Wednesday following losses from the technology stocks and steel companies, although the financials and automobile producers offered support.

For the day, the index dropped 27.92 points or 1.30 percent to finish at 2,125.32 after trading between 2,123.80 and 2,145.97. Volume was 573 million shares worth 5.5 trillion won. There were 717 decliners and 134 gainers.

Among the actives, Shinhan Financial climbed 1.03 percent, while KB Financial accelerated 2.34 percent, Hana Financial collected 0.41 percent, Samsung Electronics retreated 2.80 percent, LG Electronics sank 1.87 percent, LG Display dropped 1.39 percent, SK Hynix plunged 3.05 percent, LG Chem tumbled 2.52 percent, POSCO skidded 1.33 percent, SK Telecom shed 0.41 percent, KEPCO rose 0.18 percent, Hyundai Motors shed 0.40 percent and Kia Motors added 0.57 percent.
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