ID :
206963
Wed, 09/14/2011 - 06:19
Auther :
Shortlink :
https://oananews.org//node/206963
The shortlink copeid
Seoul shares down 1.75 pct in late-morning trade
SEOUL (Yonhap) - South Korean stocks traded 1.75 percent lower late Wednesday morning, as investors took to the sidelines amid lingering concerns over the European debt crisis, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) fell 31.79 points to 1,781.14 as of 11:20 a.m.
Leading card firm Samsung Card rose 1.16 percent after news reports that it plans to sell part of its stake in its unlisted affiliate Samsung Everland, the de facto holding company of Samsung Group.
Hynix Semiconductor, the world's second-largest chipmaker, jumped around 3 percent on the back of a rebound in prices of memory chips. Its bigger rival Samsung Electronics, however, lost 2.31 percent.
The local currency was trading at 1,096.65 won to the greenback as of 11:20 a.m., down 19.35 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 31.79 points to 1,781.14 as of 11:20 a.m.
Leading card firm Samsung Card rose 1.16 percent after news reports that it plans to sell part of its stake in its unlisted affiliate Samsung Everland, the de facto holding company of Samsung Group.
Hynix Semiconductor, the world's second-largest chipmaker, jumped around 3 percent on the back of a rebound in prices of memory chips. Its bigger rival Samsung Electronics, however, lost 2.31 percent.
The local currency was trading at 1,096.65 won to the greenback as of 11:20 a.m., down 19.35 won from Friday's close. The South Korean financial markets were closed for the Chuseok holiday on Monday and Tuesday.
