ID :
191512
Tue, 06/28/2011 - 11:18
Auther :
Shortlink :
https://oananews.org//node/191512
The shortlink copeid
Seoul shares end 0.36 pct down on auto, tech falls
(ATTN: ADDS bond yields at bottom)
SEOUL, June 28 (Yonhap) -- South Korean stocks finished 0.36 percent lower Tuesday, driven down by blue-chip auto and tech shares, as investors remained cautious ahead of a Greek parliamentary vote on reform plans, analysts said. The local currency climbed against the U.S. dollar.
Erasing earlier gains, the benchmark Korea Composite Stock Price Index (KOSPI) fell 7.38 points to 2,062.91 in a second consecutive losing session. Trading volume was moderate at 325 million shares worth 5.81 trillion won (US$5.35 billion) with losers outpacing gainers 411 to 395.
"There were no clear buyers in the market," said Lim Dong-lak, an analyst at Hanyang Securities Co. "All attention is on the Greek parliamentary vote on an austerity plan, and as the day approaches, investors remain wary."
The KOSPI rallied as much as 1.43 percent in the morning session, boosted by overnight gains on Wall Street, but it headed south as large-cap auto and tech shares lost ground.
Tech shares finished lower as brokerages revised down their second-quarter earnings forecasts. Chipmaking giant Hynix Semiconductor sank 4.31 percent to 25,550 won and LG Display, the world's second-largest maker of liquid crystal displays, slumped 2.68 percent to 29,100 won.
Top auto maker Hyundai Motor fell 1.71 percent to 230,000 won and its smaller affiliate Kia Motors was down 0.99 percent to 69,700 won.
CJ Group plummeted 9.88 percent to 73,000 won after media reports said the food and entertainment conglomerate outbid a consortium of POSCO and Samsung SDS for a major stake in Korea Express. The leading logistics company also tumbled by the daily limit of 14.94 percent to 111,000 won.
The local currency closed at 1,083.5 won to the greenback, up 2.1 won from Monday's close, after the Bank of Korea reported earlier in the day that the country's current account surplus hit a seven-month high last month, dealers said.
Bond prices, which move inversely to yields, closed flat. The yield on three-year Treasuries held steady at 3.72 percent and the return on the benchmark five-year government bonds also finished unchanged at 3.97 percent.
ylee@yna.co.kr
SEOUL, June 28 (Yonhap) -- South Korean stocks finished 0.36 percent lower Tuesday, driven down by blue-chip auto and tech shares, as investors remained cautious ahead of a Greek parliamentary vote on reform plans, analysts said. The local currency climbed against the U.S. dollar.
Erasing earlier gains, the benchmark Korea Composite Stock Price Index (KOSPI) fell 7.38 points to 2,062.91 in a second consecutive losing session. Trading volume was moderate at 325 million shares worth 5.81 trillion won (US$5.35 billion) with losers outpacing gainers 411 to 395.
"There were no clear buyers in the market," said Lim Dong-lak, an analyst at Hanyang Securities Co. "All attention is on the Greek parliamentary vote on an austerity plan, and as the day approaches, investors remain wary."
The KOSPI rallied as much as 1.43 percent in the morning session, boosted by overnight gains on Wall Street, but it headed south as large-cap auto and tech shares lost ground.
Tech shares finished lower as brokerages revised down their second-quarter earnings forecasts. Chipmaking giant Hynix Semiconductor sank 4.31 percent to 25,550 won and LG Display, the world's second-largest maker of liquid crystal displays, slumped 2.68 percent to 29,100 won.
Top auto maker Hyundai Motor fell 1.71 percent to 230,000 won and its smaller affiliate Kia Motors was down 0.99 percent to 69,700 won.
CJ Group plummeted 9.88 percent to 73,000 won after media reports said the food and entertainment conglomerate outbid a consortium of POSCO and Samsung SDS for a major stake in Korea Express. The leading logistics company also tumbled by the daily limit of 14.94 percent to 111,000 won.
The local currency closed at 1,083.5 won to the greenback, up 2.1 won from Monday's close, after the Bank of Korea reported earlier in the day that the country's current account surplus hit a seven-month high last month, dealers said.
Bond prices, which move inversely to yields, closed flat. The yield on three-year Treasuries held steady at 3.72 percent and the return on the benchmark five-year government bonds also finished unchanged at 3.97 percent.
ylee@yna.co.kr
