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Asian Stock Markets Open Lower in Taiwan and South Korea

morning · · thread: Oil Prices Drop as US and Iran Pause Military Hostilities

2 sources across 2 countries · South Korea · Taiwan

Who reported this

  • The Korea Herald South Korea · Centre-right · Herald Corporation (Yeongpoong Group)
  • Focus Taiwan Taiwan · Centre · Public · Central News Agency, statutory funding

What the colours mean

  • Left
  • Centre-left
  • Centre
  • Centre-right
  • Right
  • A hatched block means the outlet is affiliated with, or controlled by, a state.

Political lean describes where an outlet sits within the politics of its own country. It is never a position on a single global scale.

Political lean is comparable inside one country and not across them, which is why the bar groups by country first. Publicly funded broadcasters are not marked as state-linked.

The owner of each outlet is listed as a matter of record, not as a judgement about the outlet.

Stock markets in Taiwan and South Korea both opened lower on Monday. The Taiwan Stock Exchange's main index opened down 339.33 points at 42,780.42 on turnover of NT$15.99 billion. In Seoul, the benchmark Korea Composite Stock Price Index fell 280.05 points, or 4.25 percent, to 6,315.4 as of 9:15 a.m. after opening 3.6 percent lower.

Analysts attribute the decline in Seoul to profit taking following a record breaking surge of approximately 17 percent on Friday. This drop occurred despite a Wall Street rally fueled by strong earnings from Amazon's cloud computing unit. In South Korea, Samsung Electronics fell 6.48 percent and SK hynix dipped 6.69 percent, while Hanwha Aerospace added 0.55 percent. Additionally, US President Donald Trump stated that talks with Iran would resume Monday after he called off a massive attack on the country, signaling easing tensions in the Middle East.

How each side framed it

Centre
The reporting focused strictly on the numerical data of the market opening without providing external context or analysis.
Centre-right
The reporting framed the market dip as a natural correction of profit taking following a record surge and included geopolitical context regarding US relations with Iran.

Sources

100% of the statements in this article were traced back to the source articles listed above.