(RTTNews) – South Korea’s inventory market ended high in consecutive sessions, emerging more than 55 points, or 2.5%, along the way. The KOSPI is now just above the 2255-point plateau, possibly going to get stuck in impartial on Wednesday.
Global forecasts for Asian markets are weak from coronavirus problems, stimulus problems, and falling oil prices. European markets combined and U.S. stock markets fell and Asian markets divided the difference.
KosPI closed sharply upwards Tuesday after oil and chemical companies’ profits, while monetary and generation stocks also remained basically green.
For the day, the index rose 39.13 points, or 1.76%, to close at 2,256.99 after trading between 2,237.21 and 2,266.00. The volume of 851 million shares is worth 17.2 trillion won. There were 495 rejections and 344 winners.
Wall Street’s advantage is negative, as stocks basically fell on Tuesday, largely compensating for the bullish move observed in the last session.
The Dow Jones fell 205.49 points, or 0.77%, to close at 26379.28, while the NASDAQ dropped 134.18 points, or 1.27%, to close in 10402.09 and the S-P 500 dropped 20.97 points, or 0.65%, to close at 3218.44.
The stock crash came when investors were watching for progress in Washington after Republicans submitted their edition of a new coronavirus relief bill. The GOP bill includes popular provisions such as the $1,200 stimulus payment to Americans, as well as increased investment for the paycheck coverage program.
But the law also reduces unemployment benefits and offers promises of responsibility for businesses and doctors, which can lead to a stalemate in negotiations with Democrats.
Operators also looked forward to the announcement of the Fed’s financial policy. While the Fed is expected to leave interest rates unchanged, investors will turn to attachments for clues about new long-term economic stimulus projects.
Crude oil futures stabilized Tuesday’s fall amid short-term energy outlook considerations due to growing coronavirus cases and fears of blocking measures. West Texas Intermediate crude oil futures for September fell $0.56, or 1.4 percent, to $41.04 a barrel.