ID :
207925
Mon, 09/19/2011 - 06:55
Auther :
Shortlink :
https://oananews.org//node/207925
The shortlink copeid
Seoul shares down 1 pct in late-morning trade
SEOUL, Sept. 19 (Yonhap) -- South Korean stocks traded 1 percent lower late Monday morning, as lingering concerns about the eurozone debt crisis chilled sentiment, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) fell 18.46 points to 1,821.64 as of 11:20 a.m.
EU finance ministers held a meeting in Poland over the weekend, but made little progress in resolving the deepening eurozone sovereign debt crisis.
Chip giant Hynix Semiconductor fell 2.51 percent and power monopoly Korea Electric Power Corp shed 2.94 percent, hit by last week's massive blackouts that left millions of homes without electricity for hours.
Shipbuilder STX Group rose 4.46 percent, however, on rumors that the group may pull out of its bid to buy Hynix Semiconductor due to higher takeover risks.
The local currency was trading at 1,118.60 won to the greenback as of 11:20 a.m., down 6.05 won from Friday's close.
The benchmark Korea Composite Stock Price Index (KOSPI) fell 18.46 points to 1,821.64 as of 11:20 a.m.
EU finance ministers held a meeting in Poland over the weekend, but made little progress in resolving the deepening eurozone sovereign debt crisis.
Chip giant Hynix Semiconductor fell 2.51 percent and power monopoly Korea Electric Power Corp shed 2.94 percent, hit by last week's massive blackouts that left millions of homes without electricity for hours.
Shipbuilder STX Group rose 4.46 percent, however, on rumors that the group may pull out of its bid to buy Hynix Semiconductor due to higher takeover risks.
The local currency was trading at 1,118.60 won to the greenback as of 11:20 a.m., down 6.05 won from Friday's close.
