(RTTNews) – South Korea’s inventory market closed with a decrease in 3 direct sessions, sliding about 30 numbers or 1.4% along the way. KOSPI is now just above the 2,200-point plateau and could widen its loss streak on Monday.
Global forecasts for Asian markets are weak in the face of emerging tensions between the United States and China. European and US markets fell and Asian stock markets are expected to open in the same way.
KosPI ended with a slight decline on Friday, with losses from oil and chemical corporations offset by generation stocks and the combined functionality of monetary stocks and automakers.
During the day, the index lost 15.75 emissions or 0.71% to close at 2,200.44 after trading between 2,195.49 and 2,219.57. The volume of 979 million shares is worth 16.1 trillion won. There were 583 winners and 279 rejections.
Wall Street’s advantage was weak as stocks opened down Friday and remained firmly in red numbers during the session.
The Dow Jones lost 182.41 points, or 0.68%, to close at 26469.89, while the NASDAQ lost 98.22 points, or 0.94%, to close in 10363.18 and the S-P 500 dropped 20.03 points, or 0.62%, to close at 3,215.63. In the week, the Dow Jones fell 0.8%, the NASDAQ by 1.3% and the S-P by 0.3%.
The weakness on Wall Street also came amid concerns about rising tensions between the U.S. and China after Beijing decided to revoke the license for the establishment and operation of the U.S. Consulate General in Chengdu.
The move comes just days after the U.S. government ordered China to close its consulate in Houston, Texas, amid accusations that Chinese diplomats helped economic espionage and attempted clinical investigation theft.
Crude oil costs rose on Friday, as stronger-than-expected economic knowledge in Europe and the United States helped ease considerations about the outlook for energy demand. West Texas Intermediate crude oil futures for September ended with a hike of $0.22, or $0.5 percent, to $41.29 a barrel.