Market rout reignites concerns over South Korea investment tax

Quick Summary:

SEOUL: A stock market rout that wiped $140 billion off South Korea's KOSPI index on Monday may accelerate the government's efforts to scrap a proposed tax on stock trading income amid concerns of a market dominated by retail investors.

File pic: Daewoo Securities Co employees work in front of monitors displaying the Korea Composite Stock Price Index or Kospi.

There has been a trend of local investors favoring global stocks such as Nvidia and Tesla Inc over domestic investments since the pandemic.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaGermanyJapanSouth Korea

Topics: Markets /Business/Business News Rout KOSPI

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-07 @ 15:08:00 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 589 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 21967435

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

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Year Established: 1971

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News Last Updated: 51 minutes ago

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Publisher ID: #22

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