South Korean Stocks Tumble 6.0%

Dow Jones07-29 17:31

This article was automatically generated by Dow Jones using technology from Automated Insights.

Stocks in South Korea dropped Wednesday, as the Kospi Composite Index fell 6.0% to 5663.24.

Among local companies with a market cap of at least 10 trillion South Korean won ($6.89 billion), Korea Aerospace Inds was the biggest laggard, tumbling 18%, followed by shares of HD Hyundai Electric, which tumbled 17%. Shares of Hyosung Heavy Industries plunged 14%.

Celltrion was the biggest leader during the session, increasing 1.5%, and HMM rose 1.3%. Hyundai Mobis rounded out the top three movers, as shares gained 1.1%.

In other parts of Asia, stock indexes were mixed. Hong Kong's Hang Seng Index added 2.0%, China's Shanghai Composite Index added 0.4% and Japan's Nikkei Stock Average dropped 1.5%.

On the currency front, the WSJ Dollar Index was flat at 97.50. The dollar weakened 0.1% against the won to 1,451.05 won.

In the bond markets, the 10-year South Korean government bond yield fell 2.5 basis points to 4.270%.

Data source: Dow Jones Market Data, FactSet

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment