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Stocks Updated: 2019-05-23 06:18:08 KST

Taking a look at how markets closed on Wednesday,
Major indexes on Wall Street closed in the red as inflamed trade tensions between the U.S. and China weighed on investor sentiment.

The Dow Jones dipped more than 1-hundred points nearly four-tenths of a percent to 25-776, the S&P 500 lost point-3 percent and the Nasdaq Composite dropped nearly one-half a percent.

On the Korean bourse, shares closed higher on Wednesday as foreigners bought local equities
soothing concerns around the widening U.S., China trade war.
The benchmark KOSPI edged up point-2 percent to close trading at 20-65 and the junior tech-heavy KOSDAQ

Oil futures dropped Wednesday with U.S. prices posting their biggest single-session loss in nearly three weeks after government data revealed a hefty weekly increase in domestic crude stockpiles.

West Texas Intermediate crude for July delivery fell 2.7 percent to settle at 61-dollars and 42 cents a barrel while the global benchmark July Brent shed 1.7 percent to 70-99 a barrel.
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