The main Kospi bourse fell 1.63 percent on Friday to close at 2,591.86 as investors shed risky assets with worsening tension in the Middle East.
Stocks started sharply lower Friday amid expectations over a delay in U.S. interest rate cuts this year.
Stocks soared almost 2 percent Thursday as investors bought bargains after four consecutive sessions of decline amid ongoing geopolitical risks in the Middle East and speculation about delays in U.S. interest rate cuts.
Stocks started higher Thursday as investors hunted for bargains following a recent decline amid speculations over a potential delay in U.S. interest rate cuts this year.
The Kospi plunged 25.45 points, or 0.98 percent, to close at 2,584.18.
Stocks started higher Wednesday as investors hunted for bargains following a sharp slide the previous day sparked by escalating tensions in the Middle East.
Stocks started sharply lower Monday amid growing geopolitical instability in the Middle East sparked by Iran's missile and drone strikes against Israel.
Stocks started lower Friday despite overnight U.S. gains as investors await the Bank of Korea's rate decision later in the day.
Stocks ended almost flat Thursday amid gains in the tech and auto industries, despite higher-than-expected U.S. inflation dimming the hopes of early rate cuts from the Federal Reserve.
Stocks started sharply lower Thursday as higher-than-expected U.S. inflation data poured cold water on investors' hopes for early rate cuts.
Korea JoongAng Daily Sitemap