Seoul shares down 2.5 pct on U.S. losses

SEOUL, Nov. 21 (Yonhap) -- South Korean stocks opened 2.5 percent lower Friday, further weighed down by massive Wall Street losses in the previous session, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) tumbled 23.72 points to
925.06 in the first 15 minutes of trading.
U.S. stocks took another relentless beating Thursday after hopes faded that
lawmakers would quickly assemble an aid package for ailing U.S. automakers. The
Dow Jones industrial average plunged 5.56 percent and the tech-dominated Nasdaq
composite index plummeted 5.07 percent.
The local currency was trading at 1,500.5 won to the U.S. dollar as of 9:15 a.m.,
down 3.5 won from Thursday's close.
odissy@yna.co.kr
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