U.S. economic woes jolt S. Korean financial markets
SEOUL, Aug. 3 (Yonhap) -- South Korean financial markets were rattled by growing jitters over the U.S. economy on Wednesday, with the key stock index taking a nosedive and the local currency tumbling against the greenback.
The benchmark Korea Composite Stock Price Index (KOSPI) plunged 55.01 points, or 2.59 percent, to 2,066.26, the lowest close since June 28. Trading volume stood at a three-month high of 423.5 million shares, worth 7.95 trillion won (US$7.5 billion) with losers trumping gainers 715 to 145.
The benchmark Korea Composite Stock Price Index (KOSPI) plunged 55.01 points, or 2.59 percent, to 2,066.26, the lowest close since June 28. Trading volume stood at a three-month high of 423.5 million shares, worth 7.95 trillion won (US$7.5 billion) with losers trumping gainers 715 to 145.
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