South Korean Stocks Fall 0.37% After Chinese Rate Hike

The Korea Composite Stock Price Index, or the KOSPI, fell slightly during the Monday trading session, following a Christmas Day interest rate hike by China. The Korea Composite Stock Price Index opened at 2,024.56, which was slightly below the previous day's close at 2,029.60. The Korea Composite Stock Price Index moved back and forth between positive and negative territory for most of the day, before ending on a down note. The KOSPI ended the Monday trading session down 7.41 points, or 0.37%, at 2,009.05. The KOSPI moved in a range between 2,018.75 and 2,034.62. Investors who would like to invest in South Korean equities might want to consider the iShares MSCI South Korea Index (NYSE:

), which seeks to provide investment results that correspond generally to the price and yield performance of publicly traded securities in the South Korean markets, as measured by the MSCI South Korea index. Read more