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Market wrap up

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Market wrap up

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Arirang News

0 Views • May 31, 2018

Description

Taking a look at the markets.
Wall Street bounced back after a heavy drop on Tuesday as signs of easing political turmoil in Italy emerged.
The Dow Jones Industrial Average spiked 306 points, or one-and-a-quarter percent to 24,667.
The S&P 500 jumped a similar percentage amount to close at 2,724.
The Nasdaq rose close to 66 points,. or zero-point-nine percent, to 7,462.
Here in Korea.
The benchmark KOSPI dropped nearly 2 percent Wednesday, as investors were rattled by Italy's political crisis and the renewed trade tensions between the U.S. and China.
The KOSPI shed 48 points to close at 2,409.
No such worries for the secondary KOSDAQ though.
Brushing off concerns, it rose half-a-percent to 874.