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Seoul: Shares fall on downbeat export data, fears over second virus wave

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South Korean shares on Monday fell as the market sentiment was dampened due to the country's downbeat export data and renewed fears over a second wave of the Covid-19 pandemic.

[SEOUL] South Korean shares on Monday fell as the market sentiment was dampened due to the country's downbeat export data and renewed fears over a second wave of the Covid-19 pandemic.

The Seoul stock market's benchmark Kospi closed down 14.59 points, or 0.68 per cent, at 2,126.73.

The World Health Organization reported a record increase in global coronavirus cases on Sunday, with the total rising by 183,020 in a 24-hour period.

South Korean exports extended their contraction during the first 20 days of June, but at a slower pace, as the coronavirus outbreak continued to weigh on global demand. Data for full month will be released on July 1.

Foreigners were net sellers of US$206.60 million worth of shares on the main board.

REUTERS

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