ID :
188879
Thu, 06/16/2011 - 04:23
Auther :
Shortlink :
https://oananews.org//node/188879
The shortlink copeid
Seoul shares open lower on Wall Street losses
South Korean stocks started lower on Thursday as investor sentiment was hurt by overnight falls in U.S. markets sparked by Greece's debt woes, 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.
U.S. markets closed lower on Wednesday on concerns about the eurozone debt crisis. The Dow Jones industrial average declined 1.48 percent and the tech-laden Nasdaq Composite Index fell 1.76 percent.
Most shares traded in negative territory, led by falls in tech shares and refiners. Market leader Samsung Electronics fell 1.73 percent and top refiner SK Innovation shed 3.06 percent.
The local currency was trading at 1,087.45 won to the U.S. dollar as of 9:15 a.m., down 4.35 won from Wednesday'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.
U.S. markets closed lower on Wednesday on concerns about the eurozone debt crisis. The Dow Jones industrial average declined 1.48 percent and the tech-laden Nasdaq Composite Index fell 1.76 percent.
Most shares traded in negative territory, led by falls in tech shares and refiners. Market leader Samsung Electronics fell 1.73 percent and top refiner SK Innovation shed 3.06 percent.
The local currency was trading at 1,087.45 won to the U.S. dollar as of 9:15 a.m., down 4.35 won from Wednesday's close.
