ID :
104721
Fri, 02/05/2010 - 07:58
Auther :
Shortlink :
https://www.oananews.org//node/104721
The shortlink copeid
Seoul shares open lower on euro-zone debt fears
SEOUL, Feb. 5 (Yonhap) -- South Korean stocks started sharply lower Friday as growing concerns about budget deficits in Greece and other European countries chilled investor sentiment, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) declined 46.56 points, or
2.87 percent, to 1,569.86 in the first 15 minutes of trading.
U.S. stocks tumbled Thursday, hit by its weaker-than-expected job data and
European debt woes. The Dow Jones industrial average lost 2.61 percent and the
tech-laden Nasdaq composite shed 2.99 percent. The Dow Jones industrials fell
below 10,000 for the first time in three months during the session.
The local currency was trading at 1,174.10 won to the U.S. dollar as of 9:15
a.m., down 23.20 won from Thursday's close.
sooyeon@yna.co.kr
(END)
The benchmark Korea Composite Stock Price Index (KOSPI) declined 46.56 points, or
2.87 percent, to 1,569.86 in the first 15 minutes of trading.
U.S. stocks tumbled Thursday, hit by its weaker-than-expected job data and
European debt woes. The Dow Jones industrial average lost 2.61 percent and the
tech-laden Nasdaq composite shed 2.99 percent. The Dow Jones industrials fell
below 10,000 for the first time in three months during the session.
The local currency was trading at 1,174.10 won to the U.S. dollar as of 9:15
a.m., down 23.20 won from Thursday's close.
sooyeon@yna.co.kr
(END)
