ID :
199659
Mon, 08/08/2011 - 03:57
Auther :
Shortlink :
https://oananews.org//node/199659
The shortlink copeid
Seoul shares open sharply lower
SEOUL (Yonhap) - South Korean stocks started more than 1 percent lower Monday on jitters over the impact of a U.S. credit rating downgrade, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) dropped 20.24 points, 1.04 percent, to 1,923.51 in the first 5 minutes of trading.
The stock market fall sent the local currency lower, with the Korean unit trading at 1,070 won to the U.S. dollar as of 9:05 a.m., down 2.6 won from Friday's close.
The benchmark Korea Composite Stock Price Index (KOSPI) dropped 20.24 points, 1.04 percent, to 1,923.51 in the first 5 minutes of trading.
The stock market fall sent the local currency lower, with the Korean unit trading at 1,070 won to the U.S. dollar as of 9:05 a.m., down 2.6 won from Friday's close.
