Finance, Forex and Investments

Commodity Price Slide Drags down S Korean Stocks Currency Value

Summary: Faltering commodity prices dragged down stock prices and currency values across Asia as investors unloaded their risky assets upon signs of abnormality in the global commodity market South Korea s benchmark stock index closed 1 52 lower at 2 147 45 points Other Asian stocks markets in emerging countries were also stung Japan s Nikkei 225 Stock Average declined about 1 4 Investor sentiment was dampened in China Taiwan Hong Kong Singapore and Malaysia Asian currencies were also hurt as Korea s won fell more than 1 against the dollar The won fell to the day s low of 1 090 won Hong Kong Dollar Indian Rupee and Thai Baht lost up to 1 In the international commodity market investors rushed to sell their holdings to take profits The price of crude gold and silver posted the largest daily decline in two years NYMEX WTI crude for June delivery slipped 8 6 to $99 80 a barrel breaking below $100 for the first time since March 16 Gold futures for June delivery lost 2 2 to $1 481 40 an ounce Silver prices continued their descent as well as the index for July delivery dipped 8 to $36 23 an ounce Written by Ye kyung Han edited by Soyoung Chung Faltering commodity prices dragged down stock prices and currency values across Asia as investors unloaded their risky assets upon signs of abnormality in the global commodity market South Korea s benchmark stock index closed 1 52 lower at 2 147 45 points Other Asian stocks markets in emerging countries were also stung Japan s Nikkei 225 Stock Average declined about 1 4 Investor sentiment was dampened in China Taiwan Hong Kong Singapore and Malaysia Asian currencies were also hurt as Korea s won fell more than 1 against the dollar The won fell to the day s low of 1 090 won Hong Kong Dollar Indian Rupee and Thai Baht lost up to 1 In the international commodity market investors rushed to sell their holdings to take profits The price of crude gold and silver posted the largest daily decline in two years NYMEX WTI crude for June delivery slipped 8 6 to $99 80 a barrel breaking below $100 for the first time since March 16 Gold futures for June delivery lost 2 2 to $1 481 40 an ounce Silver prices continued their descent as well as the index for July delivery dipped 8 to $36 23 an ounce Written by Ye kyung Han edited by Soyoung Chung

Image Dimensions: 500 x 180