ID :
188312
Tue, 06/14/2011 - 06:43
Auther :
Shortlink :
https://oananews.org//node/188312
The shortlink copeid
Seoul shares open lower on eurozone debt woes
SEOUL, June 14 (Yonhap) -- South Korean stocks opened a tad lower on Tuesday as investor sentiment was weakened by a cut in Greece's credit rating by Standard & Poor's (S&P), analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) fell 2.3 points, or 0.11 percent, to trade at 2,046.44 in the first 15 minutes of trading.
Investor sentiment remained fragile on concerns about the eurozone debt crisis. Global credit appraiser S&P downgraded Greece's sovereign credit rating on Monday by three notches to "CCC" from "B," saying that the debt-ridden country "will likely" face a debt restructuring.
U.S. markets closed mixed on Monday amid economic uncertainty. The Dow Jones industrial average inched up 0.01 percent while the tech-laden Nasdaq Composite Index fell 0.15 percent.
The local currency was trading at 1,085.50 won to the U.S. dollar as of 9:15 a.m., up 0.4 won from Monday's close.
The benchmark Korea Composite Stock Price Index (KOSPI) fell 2.3 points, or 0.11 percent, to trade at 2,046.44 in the first 15 minutes of trading.
Investor sentiment remained fragile on concerns about the eurozone debt crisis. Global credit appraiser S&P downgraded Greece's sovereign credit rating on Monday by three notches to "CCC" from "B," saying that the debt-ridden country "will likely" face a debt restructuring.
U.S. markets closed mixed on Monday amid economic uncertainty. The Dow Jones industrial average inched up 0.01 percent while the tech-laden Nasdaq Composite Index fell 0.15 percent.
The local currency was trading at 1,085.50 won to the U.S. dollar as of 9:15 a.m., up 0.4 won from Monday's close.
