KOSPI loses 1.5% to close at 2,248.45 on Turkey financial crisis
- 6 years ago
코스피, 터키발 공포에 2,240대 급락…15개월 만에 최저
South Korean stocks dropped as Turkey’s financial crisis fueled fears of contagion spreading to other emerging markets.
The nation's benchmark index went down 34-point-3-4 points, or one-point-five percent, to close at 2-thousand-two-hundred-48,... its lowest since May last year.
The KOSDAQ also lost nearly four points on declines in bio and tech stocks.
The lira plunged on escalating tensions between Ankara and Washington over the release of a detained American pastor.
President Trump vowed to authorize higher tariffs on Turkish steel and aluminum.
Turkey's banking watchdog BDDK said, it will limit local banks’ swap, spot and forward transactions with foreign investors to 50 percent of a bank’s equity.
South Korean stocks dropped as Turkey’s financial crisis fueled fears of contagion spreading to other emerging markets.
The nation's benchmark index went down 34-point-3-4 points, or one-point-five percent, to close at 2-thousand-two-hundred-48,... its lowest since May last year.
The KOSDAQ also lost nearly four points on declines in bio and tech stocks.
The lira plunged on escalating tensions between Ankara and Washington over the release of a detained American pastor.
President Trump vowed to authorize higher tariffs on Turkish steel and aluminum.
Turkey's banking watchdog BDDK said, it will limit local banks’ swap, spot and forward transactions with foreign investors to 50 percent of a bank’s equity.