KOSPI falls below 2,000 for the first time in 7 months; Japan's leading index drops 2%

7 만 에 2,000 … 2% 급락

Major Asian stock indexes closed lower on Friday as a result of ongoing trade disputes. South Korea's benchmark KOSPI fell below 2,000 points, while Japan's fell sharply by more than 2% after Japan officially removed South Korea from its white list.
Lee Min-sun reports. The KOSPI benchmark today closed below 2,000 points for the first time in seven months.
After getting weaker early Friday morning, he recovered above the 2,000-point mark during the mid-day trading session. However, it closed at 13 points in 1998, losing zero-nine-five percent.
Foreign investors sold more than 390 billion won of shares, while local institutions and individuals bought more than 375 billion won of shares.
Ongoing trade disputes and geopolitical issues have also resulted in the secondary KOSDAQ index. He lost more than 1% to close at 615.70.
"Political problems continue to put pressure on the Korean stock market.If you look at Korea's overall economic growth rate, it has slowed down considerably to below 2% .This kind of political problem is turning into economic problems. makes the growth rate slow down for more sustainable in the second half of the year.
It's not just Korean equities that have suffered. The main indices in Asia have also declined considerably. The Chinese Composite Shanghai Composite lost 1 point-4%, while the Japanese Nikkei lost 2 points-1%, losing more than 450 points.
"The main reason is the persistence of trade disputes between countries.It is clear that the economic trade is causing concern and that it will result in a decline in GDP growth rate.If this kind of thing continues In the countries like Korea, Japan, the United States and even Europe and even Europe, this will partly affect the sentiment of the overall economic growth rate as well as trade. "
The Korean won plunged Friday to its lowest level in more than two years against the US dollar … to close at 1 000 98 won per dollar. The Japanese yen also strongly weakened to fall more than 2 points – 6% against the Korean won.
Lee Min-sun Arirang News.

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