ID :
188922
Thu, 06/16/2011 - 06:22
Auther :
Shortlink :
https://oananews.org//node/188922
The shortlink copeid
Seoul shares down 1.73 pct in late-morning trade
South Korean stocks traded 1.73 percent lower late Thursday morning as investor sentiment was chilled by lingering concerns about the eurozone debt crisis, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) fell 36.15 points to 2,050.38 as of 11:20 a.m.
U.S. markets tumbled on Wednesday, hit by escalating Greece's sovereign crisis and poor U.S. data. Finance ministers from the eurozone failed to reach an agreement on how to rescue debt-ridden Greece. 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 2.08 percent and top refiner SK Innovation declined 3.71 percent.
The local currency was trading at 1,088.45 won to the greenback as of 11:20 a.m., down 5.35 won from Wednesday's close.
The benchmark Korea Composite Stock Price Index (KOSPI) fell 36.15 points to 2,050.38 as of 11:20 a.m.
U.S. markets tumbled on Wednesday, hit by escalating Greece's sovereign crisis and poor U.S. data. Finance ministers from the eurozone failed to reach an agreement on how to rescue debt-ridden Greece. 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 2.08 percent and top refiner SK Innovation declined 3.71 percent.
The local currency was trading at 1,088.45 won to the greenback as of 11:20 a.m., down 5.35 won from Wednesday's close.