ID :
206953
Wed, 09/14/2011 - 06:05
Auther :
Shortlink :
https://oananews.org//node/206953
The shortlink copeid
Seoul shares open lower on eurozone woes
SEOUL (Yonhap) - South Korean stocks got off to a weak start Wednesday as European leaders' efforts to resolve the Greek debt crisis failed to boost investor sentiment here, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) fell 1.22 percent, or 22.14 points, to 1,790.79 in the first 15 minutes of trading, sinking below the 1,800 point level for the fourth session in a row.
Samsung Card jumped nearly 4 percent following news of its Samsung Everland stake sale plans.
U.S. stocks finished higher on Tuesday as European leaders are set to take action to help debt-ridden Greece avoid default. The Dow Jones industrial average gained 0.4 percent and the Nasdaq Composite Index jumped 1.49 percent.
The local currency was trading at 1,094.2 won to the greenback as of 9:15 a.m., down 16.9 won from Friday's close. The South Korean financial markets were closed for the Chuseok holiday on Monday and Tuesday.
The benchmark Korea Composite Stock Price Index (KOSPI) fell 1.22 percent, or 22.14 points, to 1,790.79 in the first 15 minutes of trading, sinking below the 1,800 point level for the fourth session in a row.
Samsung Card jumped nearly 4 percent following news of its Samsung Everland stake sale plans.
U.S. stocks finished higher on Tuesday as European leaders are set to take action to help debt-ridden Greece avoid default. The Dow Jones industrial average gained 0.4 percent and the Nasdaq Composite Index jumped 1.49 percent.
The local currency was trading at 1,094.2 won to the greenback as of 9:15 a.m., down 16.9 won from Friday's close. The South Korean financial markets were closed for the Chuseok holiday on Monday and Tuesday.
