코스피 22개월만에 2,000선마저 붕괴…코스닥 5%대 급락<br /><br />The nation's stocks slide Monday...with the benchmark index closing at the lowest level this year.<br />This comes despite the government's announncement of injecting funds to help stabilize the market. <br />Kim Hyesung breaks down the numbers for us. <br />For the first time in 22 months, South Korea's main index has closed below the 2-thousand mark.<br />On Monday, the benchmark KOSPI closed at 19-96,... down 1-point-five percent and marking a fifth straight session of declines. <br />The tech-heavy KOSDAQ plunged by over five percent, closing below 630, the lowest figure since August 2017. <br />For the eighth straight session, foreigners were net sellers, letting go of 140 million dollars' worth of Korean stocks.<br />Local institutions purchased shares worth nearly 558 million dollars, but selling by individuals totaled almost 427 million.<br />The sell-off came despite the government's announcement that it will help stabilize the market.<br /> At a meeting with the Financial Supervisory Service and the Korea Exchange on Monday morning,... Financial Services Commission Vice Chairman Kim Yong-beom said the government will set up a four-hundred-38 million U.S. dollar fund to invest into undervalued local stocks... and inject it as soon as November.<br />"Sluggish quarterly earnings from U.S. and Chinese companies weighed on market sentiment heavily. The fear is growing that escalating U.S.-China trade tensions will affect the global economy and Korea's export-driven economy,... not to mention other headwinds like the Fed's rate hike and a slowing local economy. There is no good news to lift up investor sentiment."<br />On Friday, the Dow shed one-point-two percent, while the NASDAQ fell two percent on disappointing earnings from companies like Amazon and Google's parent Alphabet. <br />The S&P 500 also dropped 1-point-seven percent. <br />China stocks closed two percent lower Monday... led by losses in the life insurance and financial sectors.<br />Kim Hyesung, Arirang News. <br />
