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S. Korea's main stock index down 6.91% since March on U.S.-China trade war

2018-09-23 1 Dailymotion

The trade war between the United States and China, now in its seventh month, has dealt a blow to South Korean stocks.<br />The country's main index, the KOSPI, lost nearly 7 percent of its value from late March until last Friday.<br /> Among markets of the G20 countries, it ranked 16th in terms of performance.<br />Korean companies rely heavily on trade with both China and the U.S., so it was inevitable that they would be affected by the tit-for-tat tariffs between them.<br />Foreigners sold shares worth more than 3 billion dollars.<br />Of those, more than 1-point-4 billion were shares of market leader Samsung Electronics... whose price as a result fell almost 8-and-a-half percent. <br />

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