Market
Seoul stocks open lower on US slump
April 23, 2021
South Korean stocks opened lower Friday, tracking an overnight Wall Street plunge that was spurred by a tax raise proposal in the United States. The benchmark Korea Composite Stock Price Index fell 25.91 points, or 0.82 percent, to 3,151.61 points in the first 15 minutes of trading. Stocks deepened losses as investors weighed the impact of the potential tax hike on the wealthy in the United States on social spending. Overnight, the Dow Jones Industrial Average declined 0.94 percent, with the