Seoul stocks to wobble after Middle East and Japan woes strike hard

Seoul stocks to wobble after Middle East and Japan woes strike hard

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Asia Bizz: Seoul stocks may wobble even further especially after the Middle East and Japan woes have struck the market really hard. Reports show the Korea Composite Stock Price Index (KOSPI) slipped to 1995.54 falling by 49.14 points which was a week earlier. Almost every industry in South Korea was losing its hold in the market as this situation was very delicate.

Consistent unrest in the Middle East – which is pushing the fears of oil price rise skywards – and Japan has been stuck with the worst earthquake in the decade, which adds to the unrest. Investors started to lose ground and there was a net selling of 2.17 trillion won during the entire week.

Japan has always been a massive international market and especially for investors, but after the recent earthquake, experts feel the aftershocks will directly clinch the entire global market. In short, the world is on the brink of economical instability once again, and many global markets have already started to witness this.