Tag: KOSPI

Major markets in Asia closed lower on Tuesday, with Italian politics and the slide in oil prices in the spotlight. Banks and most manufacturing stocks saw declines. Symbol Name Price Change %Change Shanghai 3120.47 -14.61 -0.47% KOSPI Index 2457.25 --- Shares of insurer AIA, in particular, fell 1.79 percent before the market close. On the mainland, the Shanghai composite gave up early gains to close 0.47 percent lower at 3,120.47 and the smaller Shenzhen composite dropped 1.07 percent. With U.S. and U.K. markets closed on Monday, investors kept an eye on Italy. The leader of Italy's Five Star Movement party called for the country's president, Sergio Mattarella, to be impeached after the latter chose to veto a pick for economy minister. "[I]t's fairly light on the ground in terms of fundamental economic data releases today and so focus will continue to remain on the various geopolitical themes dominating market moves as we return to full liquidity conditions," Nick Twidale, chief operating officer at Rakuten Securities Australia, said in a note.