TURN OF EVENTS IN KOREA CAUSES SETBACK ON LONDON EXCHANGE
LONDON, Nov 8 (Recd 6 pm).—The turn of events in Korea created a sharp, setback in the London Stock Exchange on Monday and prices in many sections tumbled, says Reuter’s financial correspondent. Although there were attempts at firmness yesterday, the undertone remained uneasy whilst awaiting further news from the Far East. Another restricting factor yesterday was a desire to await the outcome of tlie American elections and various debates in the Home Parliament. A period of flux in short-term is forecast for the stock markets. Aided by the strength of the commodities tin and rubber shares have demonstrated a buoyancy and have maintained comparative strength. Coppers also showed ability to withstand shocks that brought losses of one point to British Government funds. These losses, however, were patly the result of the technical position with the section. — Reuter.
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Wanganui Chronicle, 9 November 1950, Page 5
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147TURN OF EVENTS IN KOREA CAUSES SETBACK ON LONDON EXCHANGE Wanganui Chronicle, 9 November 1950, Page 5
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