Korean stocks have been performing sluggishly since the beginning of the year after advancing about 5 percent in December alone on the back of the U.S. central bank’s dovish shift in its monetary policy.
Despite South Korea s remarkable economic progress over the past decades, major companies here are still grappling with the weight of the so-called Korea discount in the stock market, a phenomenon where their equities are undervalued compared to global peers.
Korean stocks ended more than 2.3 percent lower Tuesday as investors took profit following the previous session s sharpest-ever daily gains prompted by the country s reimposing of .
Korean stocks closed up, Monday, at the highest rate in almost four years on the back of a complete ban on short-selling that was reinstated to crack down on illegal market practices by global investment banks and protect retail investors.