ID :
197444
Wed, 07/27/2011 - 06:42
Auther :
Shortlink :
https://oananews.org//node/197444
The shortlink copeid
Seoul shares down 0.17 pct in late-morning trade
SEOUL (Yonhap) - South Korean stocks traded 0.17 percent lower late Wednesday morning on jitters over the country's clouded economic outlook as the country's economic slowed in the second quarter.
The benchmark Korea Composite Stock Price Index (KOSPI) dropped 3.59 points to 2,165.11 as of 11:20 a.m.
South Korea's economy grew 0.8 percent in the April-June period, down from a 1.3 percent on-quarter expansion tallied in the first quarter.
Exporters led the decline with market giant Samsung Electronics falling 1.29 percent and leading steelmaker POSCO plunging 2.4 percent.
In contrast, Hyundai Motor, the country's biggest automaker, rose 1.68 percent and Hyundai Heavy Industries, the world's largest shipyard, jumped 2.31 percent.
The local currency was trading at 1,050.55 won to the greenback as of 11:20 a.m., up 0.55 won from Tuesday's close.
The benchmark Korea Composite Stock Price Index (KOSPI) dropped 3.59 points to 2,165.11 as of 11:20 a.m.
South Korea's economy grew 0.8 percent in the April-June period, down from a 1.3 percent on-quarter expansion tallied in the first quarter.
Exporters led the decline with market giant Samsung Electronics falling 1.29 percent and leading steelmaker POSCO plunging 2.4 percent.
In contrast, Hyundai Motor, the country's biggest automaker, rose 1.68 percent and Hyundai Heavy Industries, the world's largest shipyard, jumped 2.31 percent.
The local currency was trading at 1,050.55 won to the greenback as of 11:20 a.m., up 0.55 won from Tuesday's close.
