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  • Seoul shares open lower on Oct. 5
    Seoul shares open lower on Oct. 5
    South Korean shares opened lower on Oct. 5, taking a hint from losses on Wall Street. The benchmark KOSPI shed 15.31 points, or 0.75 percent, to 2,039.48 in the first 15 minutes of trading. Stocks were down across the board as investors fretted about the prospect of a US Federal Reserve interest rate hike in coming months.Samsung Electronics fell 0.87 percent, and leading automaker Hyundai Motor lost 1.08 percent.To...
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Seoul shares open lower on Oct. 5

Oct. 5, 2016 - 09:41 By 정민경
[THE INVESTOR] South Korean shares opened lower on Oct. 5, taking a hint from losses on Wall Street.

The benchmark KOSPI shed 15.31 points, or 0.75 percent, to 2,039.48 in the first 15 minutes of trading.

Stocks were down across the board as investors fretted about the prospect of a US Federal Reserve interest rate hike in coming months.

Samsung Electronics fell 0.87 percent, and leading automaker Hyundai Motor lost 1.08 percent.

Top cosmetic maker AmorePacific retreated 1.01 percent, and steelmaker POSCO declined 1.51 percent.

The local currency was trading at 1,114.70 won against the US greenback, down 6.90 won from the previous session.

(theinvestor@heraldcorp.com)
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