중국발 쇼크 진정세... 아시아 증시 상승세 전환
Turning to China′s stock market.
After the year getting off to a bad start Chinese shares leveled out a touch on Tuesday after a rollarcoaster session.
Korea′s market also rebounded after a four-month low,... but officials say a close eye will be kept on the situation.
Kim Min-ji reports.
China′s benchmark index somewhat steadied after the carnage on Monday.
There were early concerns that there could be more of the same,... as the Shanghai Composite Index opened more than three percent lower on Tuesday.
The index tumbled a whopping seven percent on the first trading day of 2016,... before China′s new system-wide circuit breaker pulled the plug on trading.
On Tuesday,... China′s central bank also flooded the banking system with the largest cash injection since September,... which likely helped soothe the market rout.
Thanks to China′s attempts to get back on course,... Korea′s shares also showed signs of recovery.
″Korea′s benchmark KOSPI added over 0-point-6 percent on Tuesday,... bouncing back from a four-month low the day before.″
The Korean government downplayed the impact of China′s market crash on the local market,... saying on Tuesday that it will raise monitoring of financial and foreign exchange markets and step up efforts to alleviate unnecessary concerns.
However, experts warn of similar situations playing out down the road.
″Negative investor sentiment regarding China will not easily wear off. Although we may not see massive losses like Monday′s, at least for the time being, given China′s slow growth,... and considering that the problems surrounding its economy are structural issues,.. market fluctuations can continue at anytime.″
The Chinese market rout came on the back of sluggish manufacturing activity in the
country... that cast a dark cloud over the world′s second-largest economy.
The panic sent shockwaves across stock markets in Asia and the U.S.,... as well as Europe.
Kim Min-ji, Arirang News.
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