South Korea stock market fluctuating near 3,060 points, expected to decline; global markets soft.
The South Korea stock market has been fluctuating over the past four trading days, nearing the 3,060-point mark but expected to decline. Global markets are soft due to trade and tariff concerns, with European markets mixed and U.S. markets down. The KOSPI closed slightly higher on Monday, driven by financial and utility gains but offset by weakness in technology, automobile, and chemical sectors. Major stocks like Samsung Electronics and LG Electronics saw losses. On Wall Street, major averages ended lower, influenced by profit-taking and news of new tariffs on imports from Japan, South Korea, Malaysia, and Kazakhstan. Crude oil prices rose despite oversupply concerns.
Read more at Nasdaq: South Korea Bourse To Remain Rangebound On Tuesday