South Korea Shares May Extend Losing Streak
From Nasdaq:
The South Korea stock market declined for the second consecutive session, with the KOSPI falling more than 15 points to just under 2,740 points. Global markets are weak, but oil companies may provide support. On Monday, the KOSPI closed lower at 2,737.57, with losses in financial, technology, and automobile sectors. Key tech stock Intel plunged 4.7% due to China’s new guidelines on microprocessors. Meanwhile, oil prices rose due to supply concerns from Ukraine-Russia tensions. Economic data on new home sales and key inflation numbers are awaited. Wall Street closed down, with Dow, NASDAQ, and S&P 500 all in the red.
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