23 November, 2011

Korean Stock Market May Slide Further

Dr. Faber said at a conference held in Seoul Tuesday that China will continue slow economic growth and eventually affect the Korean stock market. Korea stocks already peaked last May and they could slide to the mark of 1,200 or 1,400 points.

Related, iShares MSCI South Korea Index Fund ETF (EWY)

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.