Seoul stocks retreat from yearly highs on weak China data
Aug. 12, 2016
South Korean shares traded lower late Friday morning, retreating from fresh yearly highs a day ago, after China's latest data showed its factory production and investment slowed. The benchmark Korea Composite Stock Price Index shed 2.15 points, or 0.1 percent, to 2,046.65 as of 11:20 a.m.China, South Korea's No. 1 export destination, reported that its July factory output rose six percent on year, missing analysts' expectation. After starting slightly higher, the KOSPI stock index swung between g