ID :
191248
Mon, 06/27/2011 - 06:22
Auther :
Shortlink :
https://oananews.org//node/191248
The shortlink copeid
Seoul shares down 1.18 pct in late-morning trade
South Korean stocks traded 1.18 percent lower late Monday morning as Greek debt worries sparked foreign sell-offs, analysts said.
Deepening earlier losses, the benchmark Korea Composite Stock Price Index (KOSPI) fell 24.63 points to 2,066.18 as of 11:20 a.m.
Oil refiners and technology companies were the biggest losers in the bourse where most large-cap shares traded in negative territory.
Automakers, however, gained ground on the back of their brisk sales in the U.S. market. Leading car maker Hyundai Motor added more than 1 percent, and its smaller affiliate Kia Motors advanced about 0.7 percent.
The local currency was changing hands at 1,085.75 won to the greenback as of 11:20 a.m., down 7.05 won from Friday's close.
Deepening earlier losses, the benchmark Korea Composite Stock Price Index (KOSPI) fell 24.63 points to 2,066.18 as of 11:20 a.m.
Oil refiners and technology companies were the biggest losers in the bourse where most large-cap shares traded in negative territory.
Automakers, however, gained ground on the back of their brisk sales in the U.S. market. Leading car maker Hyundai Motor added more than 1 percent, and its smaller affiliate Kia Motors advanced about 0.7 percent.
The local currency was changing hands at 1,085.75 won to the greenback as of 11:20 a.m., down 7.05 won from Friday's close.
