SKorea stock market opened upward
61 views · Published 12 December 2018 · 0:47 · Indexed 23 September 2026
Channel: AP Archive · 2018 · News & Politics
(7 Dec 2018) South Korea's stock market opened upward on Friday. The market started with the benchmark stock price index KOSPI (Korea Composite Stock Price Index) increased by 12.99 points (+0.63 percent) to 2,081.68. The uptick comes after world financial markets took a hit Thursday following the arrest of Meng Wanzhou, a senior official at a Chinese telecoms equipment maker. Canadian authorities arrested the chief financial officer of China's Huawei Technologies on Wednesday for possible extradition to the U.S. The Globe and Mail newspaper, citing law enforcement sources, said Meng Wanzhou is suspected of trying to evade U.S. trade curbs on Iran. Concerns about the implications the arrest could have on U.S.-China trade negotiations weighed on overseas markets on Thursday. Find out more about AP Archive: http://www.aparchive.com/HowWeWork Twitter: https://twitter.com/AP_Archive Facebook: https://www.facebook.com/APArchives Instagram: https://www.instagram.com/APNews/ You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/3d4aef1f1716384d89e61f4aee29ad2e
