South Korea's Stock Market Rises Amid Sour Asian Trends

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South Korea's Stock Market Rises Amid Sour Asian Trends
Photo: Ahn Young-joon/AP/TT

In South Korea, the stock market is going upwards since Samsung announced that they expect to increase their profit by 32 percent during the third quarter, compared to the same period last year.

The electronics giant expects the profit to go up significantly during the third quarter of the year compared to last year. On home ground in South Korea, the Kospi index increased by 1.0 percent to new record levels in today's initial trading.

In China, the new harbor fees against American vessels came into force. According to AFP, China announced early on Tuesday local time that it will "fight to the end" in the customs war against the USA.

Shenzhen had retreated 1.2 percent by lunchtime, while the Hong Kong-based Hang Seng retreated 0.6 percent.

It was also sour in Japan. The Nikkei 225 index retreated 1.2 percent and the broader Topix 1.4 percent.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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