The simple average rate of return for the 21 listed REITs last week was recorded at -2.53%, ending the four-week upward trend. Last week marked the largest decline on a weekly basis so far this year. The KOSPI index fell 3.27% over the week. Last week was an especially volatile week in the stock market. Concerns over a possible recession in the US and a sudden interest rate hike in Japan sparked a sell-off in the yen carry trade, which swept through global stock markets, causing significant turbulence in the local Korean stock and REITs market. On the 5th alone, the KOSPI plummeted 8.77%, and listed REITs also fell […]