[SEOUL] South Korean shares ended nearly 2 per cent lower on Monday, their sharpest fall in more than a week, as a landmark Opec+ output cut agreement failed to pacify investors amid mounting worries over the coronavirus crisis. Read more at The Business Times.
South Korean shares ended nearly 2 per cent lower on Monday, their sharpest fall in more than a week, as a landmark Opec+ output cut agreement failed to pacify investors amid mounting worries over the coronavirus crisis.[SEOUL] South Korean shares ended nearly 2 per cent lower on Monday, their sharpest fall in more than a week, as a landmark Opec+ output cut agreement failed to pacify investors amid mounting worries over the coronavirus crisis.
The Seoul stock market's main KOSPI closed down 34.94 points, or 1.88 per cent, to 1,825.76. The index fell 16.92 per cent so far this year. Foreigners were net sellers of US$253.37 million worth of shares on the main board, extending the selloff to a 28th straight session. They sold around US$11.67 billion during the period.
Disappointments with the Opec+ agreement turned investors bearish, said KB Securities' analyst Kim Young-hwan, adding the continued global virus spread has also had a negative impact. South Korea reported 25 new coronavirus cases on Monday, bringing the national tally to 10,537. The virus has infected more than 1.8 million globally, with the death toll in the United States surpassing 22,000, the highest in the world, according to a Reuters tally.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil, equities slip as OPEC+ cut fails to lift confidenceOil prices and U.S. stock futures dipped in early Monday trade as a landmark agreement by OPEC and its allies to slash output by a record amount ...
Read more »
Opec, Russia approve biggest-ever oil cut amid coronavirus pandemic[BAKU] Opec and allies led by Russia agreed on Sunday to a record cut in output to prop up oil prices amid the coronavirus pandemic and said they had an unprecedented deal with fellow oil nations, including the United States, to curb global oil supply by 20 per cent. Read more at The Business Times.
Read more »
OPEC, Russia approve biggest-ever oil cut amid coronavirus pandemicBAKU: OPEC, Russia and other oil producing nations agreed on Sunday (Apr 12) to cut output by a record amount, representing around 10 per cent of ...
Read more »
Opec, Russia meet again to approve biggest-ever oil cutBAKU/DUBAI/LONDON (REUTERS) - Opec, Russia and other oil producing nations were meeting on Sunday (April 12) in a bid to clinch a deal on the biggest oil cut ever, amounting to 10 per cent of global supply, after their initial efforts to support oil prices amid the coronavirus pandemic were blocked by Mexico.. Read more at straitstimes.com.
Read more »
OPEC, Russia meet again to approve biggest ever oil cutBAKU: OPEC, Russia and other oil producing nations were meeting on Sunday (Apr 12) in a bid to clinch a deal on the biggest oil cut ever, ...
Read more »
OPEC, allies to confer on Sunday to try to end standoff over cuts plan: sourcesOPEC and its allies will hold a virtual meeting on Sunday evening in a bid to end a standoff that has prevented the finalisation of a global oil ...
Read more »