ID :
56536
Tue, 04/21/2009 - 08:14
Auther :
Shortlink :
https://www.oananews.org//node/56536
The shortlink copeid
Seoul stocks open lower on Wall Street plunges
SEOUL, April 21 (Yonhap) -- South Korean stocks started sharply lower on Tuesday as investors dumped shares, taking a cue from overnight setbacks in U.S. markets, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) fell 23.56 points, or
1.76 percent, to 1,312.83 in the first 15 minutes of trading.
Most shares opened lower with banks, tech and steel shares leading the falls.
On Monday, Wall Street plunged on renewed concerns over the health of financial
companies. The Dow Jones industrial average fell 3.56 percent and the
tech-dominated Nasdaq composite index dived 3.88 percent.
The local currency was trading at 1,358.5 won to the U.S. dollar as of 9:15 a.m.,
down 23.5 won from Monday's close.
The benchmark Korea Composite Stock Price Index (KOSPI) fell 23.56 points, or
1.76 percent, to 1,312.83 in the first 15 minutes of trading.
Most shares opened lower with banks, tech and steel shares leading the falls.
On Monday, Wall Street plunged on renewed concerns over the health of financial
companies. The Dow Jones industrial average fell 3.56 percent and the
tech-dominated Nasdaq composite index dived 3.88 percent.
The local currency was trading at 1,358.5 won to the U.S. dollar as of 9:15 a.m.,
down 23.5 won from Monday's close.
