ID :
185988
Thu, 06/02/2011 - 07:32
Auther :
Shortlink :
https://oananews.org//node/185988
The shortlink copeid
Seoul shares down 1 pct in late-morning trade
SEOUL, June 2 (Yonhap) -- South Koreans traded 1 percent lower late Thursday morning as Moody's downgrade of its Greek debt rating and other gloomy economic data made investors jittery, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) fell 21.33 points to 2,120.01 as of 11:20 a.m.
Most sectors lost ground as Moody's cut Greece's credit rating and overnight falls on the U.S. stock markets weighed on investor sentiment.
The KOSPI recouped part of its earlier losses, however, helped by rebounds in shipyards, including Hyundai Heavy Industries.
The local currency was trading at 1,079.85 won to the greenback as of 11:20 a.m., down 5.25 won from Wednesday's close.
The benchmark Korea Composite Stock Price Index (KOSPI) fell 21.33 points to 2,120.01 as of 11:20 a.m.
Most sectors lost ground as Moody's cut Greece's credit rating and overnight falls on the U.S. stock markets weighed on investor sentiment.
The KOSPI recouped part of its earlier losses, however, helped by rebounds in shipyards, including Hyundai Heavy Industries.
The local currency was trading at 1,079.85 won to the greenback as of 11:20 a.m., down 5.25 won from Wednesday's close.
