Most Popular
-
1
Dongduk Women’s University halts coeducation talks
-
2
Russia sent 'anti-air' missiles to Pyongyang, Yoon's aide says
-
3
Defense ministry denies special treatment for BTS’ V amid phone use allegations
-
4
OpenAI in talks with Samsung to power AI features, report says
-
5
Two jailed for forcing disabled teens into prostitution
-
6
South Korean military plans to launch new division for future warfare
-
7
Gold bars and cash bundles; authorities confiscate millions from tax dodgers
-
8
Teen smoking, drinking decline, while mental health, dietary habits worsen
-
9
Kia EV9 GT marks world debut at LA Motor Show
-
10
North Korean leader ‘convinced’ dialogue won’t change US hostility
South Korean funds for domestic and overseas stocks have suffered massive losses this year, hit by a global stock market rout, data showed Sunday.
A total of 1,563 stock-type investment funds posted a combined valuation loss of 3.5 trillion won ($2.9 billion) between the start of this year and Thursday, according to the data compiled by market researcher FnGuide.
Overseas equity funds chalked up a valuation loss of 1.89 trillion won, with those for domestic shares reporting the remainder.
Of the total, funds reserved for Chinese stocks posted the lowest investment return of minus 14.95 percent over the cited period, according to the data.
Amid investor concerns over China's economy and the yuan, China's stock and currency markets have seen increased volatility in recent sessions, roiling financial markets across the world.
The Shanghai Composite Index plunged 3.5 percent Friday, falling more than 20 percent from its December high.
South Korea's benchmark Korea Composite Stock Price Index(KOSPI) closed at 1,878.87 points on Friday, down 2.02 percent from a week ago and the lowest level since Sept. 8, 2015. (Yonhap)
