South Korea again relegated to the negative zone in trading Tuesday (12/3) is mainly due to the weakening yen that continues to worry for exporters of ginseng country to compete in the global marketplace.The automobile sector has been weakened in recent days due to the won continues to struggle to compete with the apparent rate of speed of depreciation of the yen. The Japanese currency has lost nearly 9 percent against the Korean won since the beginning of 2013, and gave Japanese exporters greater profitability than rivals in Korea.
Some big names still appeared strong automotive giant in today's trading as Hyundai Motor, which rose about 1 percent and Kia Motors is still slightly higher around 0.7 percent. Recorded Kopsi index fell -0.28% or -5.59 points at 1997.99 area, while the Kospi index futures slumped -0.95 participate in the range of 263.75 points.
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