THE JAPANESE AND KOREAN STOCK MARKET FELL BY NEARLY 6%

ON 29 JULY, CLOSINGS ON 29 JULY (MONDAY) FELL BY 930.73 POINTS, OR 1.49 PER CENT, BY 225 PER DAY, REPORTING 6143.19 POINTS. THE KOREAN KOSPI INDEX DROPPED 360.58 POINTS ON JULY 29TH (ON WEDNESDAY), BY 5.99 PER CENT AND REPORTED 5663.08 POINTS, AT ONE POINT OVER 12 PER CENT, TRIGGERING THE MELTING OF TWO CONSECUTIVE TRADING DAYS. THE PERFORMANCE OF THE SK HERCULES FELL BY 9.6 PER CENT, WITH A RECORD DROP OF OVER 17 PER CENT IN THE DISC WITH THE LARGEST DROP IN THE DAY; THE THREE-STAR ELECTRONICS DROPPED BY 5.2 PER CENT. KIM XIAN