South Korea (Seoul Composite) ^KS11 is getting creamed, almost as bad as our favorite APM.
^KS11 313.87, down 18.03 points (down 5.43%), on a recent quote today.
I wish I had a site (like GM posted for graphing chip prices) that would graph these foreign stock markets. The South Korean stock market plunged in Sep-Oct last year, then came back strong. George Soros was making lots of noise about investing in South Korea while the Korean market was moving back up (but I don't know if he actually put any money into the South Korean stock market, or was just talking about it).
But now the South Korean market seems to be going down even lower than it went back in Sep-Oct (just a rough guess, because I don't have a chart to look at, and my memory for numbers is very unreliable).
Part of the reason I think it's interesting is because, I was thinking of a South Korean closed end fund back when the experts were saying diversification, and South Korea was showing such strong growth, and the PE vs growth was so low (PEG as a measure of value). But I guess I'm better off getting diddled by American companies (if you want to call a company like APM, QNTM or WDC American, when almost all of their mfg operations are offshore in foreign countries).
Regards,
Larry
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