ID :
27033
Tue, 10/28/2008 - 16:26
Auther :
Shortlink :
https://www.oananews.org//node/27033
The shortlink copeid
Seoul shares down on persistent market jitters
SEOUL, Oct. 28 (Yonhap) -- South Korean stocks opened sharply lower Tuesday as institutional and retail buying was offset by the continued foreign sell-off amid a bleak economic outlook, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) fell 30.78 points, or
3.25 percent, to 915.67 in the first 15 minutes of trading.
The setback came after U.S. stocks continued to lose ground. On Monday, the Dow
Jones industrial average lost 2.42 percent to a five-year low and the
tech-dominated Nasdaq composite index also fell 2.97 percent.
The local currency was trading at 1,472.45 won to the U.S. dollar as of 9:15
a.m., down 29.95 won from Monday's close.
The benchmark Korea Composite Stock Price Index (KOSPI) fell 30.78 points, or
3.25 percent, to 915.67 in the first 15 minutes of trading.
The setback came after U.S. stocks continued to lose ground. On Monday, the Dow
Jones industrial average lost 2.42 percent to a five-year low and the
tech-dominated Nasdaq composite index also fell 2.97 percent.
The local currency was trading at 1,472.45 won to the U.S. dollar as of 9:15
a.m., down 29.95 won from Monday's close.
