(RTTNews) – South Korea’s inventory market on Wednesday stopped a 4-win direct streak in which it scored more than 65 points, or 2. 8 percent. KosPI is now just above the 2435-point plateau and could suffer additional damage on Thursday.
Global forecasts for Asian markets combined weaker after the Fed lowered its GDP forecast. European markets combined and US stock markets combined. But it’s not the first time They were basically in red numbers and Asian markets are also expected to open down.
KOSPI ended with a slight decline wednesday after losses on monetary stocks, technology stocks and especially chemical corporations; automakers have submitted their support.
During the day, the index lost 7. 66 issues or 0. 31% to close at 2,435. 92 after trading between 2429. 94 and 2450. 53. The volume of 755 million shares is worth 11. 6 trillion won. There were 543 rejections and 308 winners.
Wall Street’s advance suggests consolidation, as stocks failed to maintain initial profits on Wednesday, most commonly falling into red numbers in the last trading hour.
The Dow added 36. 78 points, or 0. 13%, to close in 28032. 38, while the NASDAQ plummeted 139. 86 points, or 1. 25%, to close in 11050. 47 and the S
The fall at the end of the day came despite an announcement of accommodative financial policy through the Fed, with the central bank leaving interest rates unchanged and firm rates are expected to remain close to 0 in the coming years.
But the Fed also revised down its GDP expansion estimates for 2021 and 2022 to 4. 0% and 3. 0%, respectively. GDP expansion in 2023 is forecast at 2. 5%.
In economic news, Commerce noticed a slowdown in the rate of expansion of retail sales in August. In addition, the National Association of Home Builders reported that the trust of home builders reached a record in September.
Crude oil costs rose sharply Wednesday, extending profits from the previous consultation after knowledge showed a drop in U. S. crude oil inventories last week. West Texas Intermediate crude oil futures for December ended with $1. 88, or 4. 9 percent, at $40. 16 a barrel.