Further Damage Anticipated For South Korea Stock Market Shares

(RTTNews) - The South Korea stock market has finished lower in three straight sessions, sliding almost 45 points or 1.8 percent along the way. The KOSPI now rests just above the 2,360-point plateau and it's likely to see continued consolidation again on Friday.

The global forecast for the Asian markets is negative on rising coronavirus cases and falling hopes for stimulus. The European and U.S. markets were down and the Asian bourses are predicted to follow suit.

The KOSPI finished modestly lower on Thursday as losses from the automobile producers and oil companies were offset by support from the financials and chemical companies.

For the day, the index lost 19.27 points or 0.81 percent to finish at 2,361.21 after trading between 2,348.74 and 2,376.73. Volume was 1.1 billion shares worth 12.8 trillion won. There were 583 gainers and 279 decliners.

Among the actives, Shinhan Financial collected 0.36 percent, while KB Financial added 0.77 percent, Hana Financial increased 0.69 percent, Samsung Electronics skidded 1.48 percent, SK Hynix gained 0.69 percent, Samsung SDI tanked 2.17 percent, LG Chem jumped 1.43 percent, Lotte Chemical rallied 1.37 percent, S-Oil eased 0.18 percent, SK Innovation sank 1.05 percent, POSCO perked 2.24 percent, SK Telecom climbed 1.74 percent, KEPCO advanced 0.71 percent, Hyundai Motor dropped 1.12 percent, Kia Motors lost 0.51 percent and LG Electronics was unchanged.
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