ID :
194943
Thu, 07/14/2011 - 06:35
Auther :
Shortlink :
https://oananews.org//node/194943
The shortlink copeid
Seoul shares down 0.49 pct in late-morning trade
SEOUL, July 14 (Yonhap) -- South Korean stocks traded 0.49 percent lower late Thursday morning as investors stepped to the sidelines amid major events such as the central bank's rate-setting decision, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) dropped 10.46 points to 2,119.18 in the first 15 minutes of trading.
Blue-chip exporters were among the biggest decliners, with top automaker Hyundai Motor losing more than 1 percent and No. 1 steelmaker POSCO dipping almost 1 percent.
Oil refiners, however, were bullish, with industry leader SK Innovation gaining around 2 percent.
The Bank of Korea froze the key interest rate at 3.25 percent, citing external economic uncertainties and persistent inflation risk.
The local currency was changing hands at 1,055.55 won to the greenback as of 11:20 a.m., up 5.05 won from Wednesday's close.
The benchmark Korea Composite Stock Price Index (KOSPI) dropped 10.46 points to 2,119.18 in the first 15 minutes of trading.
Blue-chip exporters were among the biggest decliners, with top automaker Hyundai Motor losing more than 1 percent and No. 1 steelmaker POSCO dipping almost 1 percent.
Oil refiners, however, were bullish, with industry leader SK Innovation gaining around 2 percent.
The Bank of Korea froze the key interest rate at 3.25 percent, citing external economic uncertainties and persistent inflation risk.
The local currency was changing hands at 1,055.55 won to the greenback as of 11:20 a.m., up 5.05 won from Wednesday's close.
