South Korean share prices opened lower on Wednesday following threats from North Korea that it will wage a “retaliatory war” against the Park Geun-hye administration.
But the benchmark Korea Composite Stock Price Index soon edged up, trading nearly flat at 1997.63 points as of 10:28 a.m.
Traders monitor Seoul share prices at the Korea Exchange. (Yonhap)
Earlier this morning, a North Korean committee handling inter-Korean relations said Pyongyang and its army “will push for a retaliatory war to eliminate the U.S. and Park’s followers in the name of justice.”
Most large market caps were in negative terrain with market bellwether Samsung Electronics remaining flat.
Defensive stocks were also on the downside. The local currency was changing hands at 1,156.80 won against the U.S. dollar as of 9:15 a.m., down 3.20 won from Tuesday’s close.
(khnews@heraldcorp.com)