South Korea shares post biggest quarterly fall since early 2020
KOSPI closed down 0.48% at 6,838.04 and fell 19.3% in the quarter; foreigners sold 2.1 trillion won of shares as won strengthened.
South Korean shares declined on Wednesday as investors worried about high bond yields, marking the market's steepest quarterly drop in 6-1/2 years. 04. It had pared gains of more than 1% earlier in the session. 3% in the 30 quarter, its biggest quarterly loss since the first quarter of 2020, after posting gains in six straight quarters.
3% for the year to date. US stocks finished slightly lower on Tuesday as government bond yields kept rising before inflation and labour market data, while investors also weighed comments from Federal Reserve officials on the outlook for interest rates. Lee Kyoung-min, an analyst at Daishin Securities, said investors were cautious ahead of major events including US inflation data and Micron Technology's earnings. South Korea is due to release its monthly trade figures for September on Thursday.
South Korea's finance minister said authorities were closely monitoring South Korea's factory output unexpectedly fell in August, according to data released on the day. 62%. 76%, respectively. Of the 914 traded issues, 352 advanced and 513 declined.
55 billion). 0. 397%. 3800 won