ID :
54251
Tue, 04/07/2009 - 13:07
Auther :
Shortlink :
https://www.oananews.org//node/54251
The shortlink copeid
Seoul shares open lower on Wall Street losses
SEOUL, April 7 (Yonhap) -- South Korean stocks started weaker on Tuesday as investors took profits following overnight falls on U.S. markets, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) declined 3.4 points, or
0.26 percent, to 1,294.45 in the first 15 minutes of trading.
U.S. stocks closed lower Monday on lingering worries over the health of banks.
The Dow Jones industrial average fell 0.52 percent and the tech-heavy Nasdaq
composite index declined 0.93 percent.
The local currency was trading at 1,328 won to the U.S. dollar as of 9:15 a.m.,
down 18.5 won from Monday's close.
The benchmark Korea Composite Stock Price Index (KOSPI) declined 3.4 points, or
0.26 percent, to 1,294.45 in the first 15 minutes of trading.
U.S. stocks closed lower Monday on lingering worries over the health of banks.
The Dow Jones industrial average fell 0.52 percent and the tech-heavy Nasdaq
composite index declined 0.93 percent.
The local currency was trading at 1,328 won to the U.S. dollar as of 9:15 a.m.,
down 18.5 won from Monday's close.
