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S. Korea's stock market still vulnerable to U.S. market corrections

2018/02/14 09:49

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SEOUL, Feb. 14 (Yonhap) -- South Korea's benchmark stock index is more vulnerable to wild swings in the U.S. stock markets than its peers among the world's 20 major economies, data showed Wednesday.

The benchmark Korea Composite Stock Price Index (KOSPI) fell 7.06 percent between Jan. 30 and Monday, compared with a 5.92 percent decline for the Dow 30 index during the same period, according to the data by Korea Exchange.

Among the Group of 20 countries, Argentina was the worst performer, suffering a 13.72 percent plunge, followed by China's 9.39 percent fall and Japan's 7.43 percent decline.

Indonesia, Saudi Arabia and Australia were among the stock markets that were less vulnerable to a correction in the U.S., the latest data showed.

Kim Hyung-ryeol, an analyst for Kyobo Securities Co., said more corrections were seen in stock markets where they are sensitive to external risks.