Most Popular
-
1
Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child
-
2
Wealthy parents ditch Korean passports to get kids into international school
-
3
Man convicted after binge eating to avoid military service
-
4
First snow to fall in Seoul on Wednesday
-
5
Final push to forge UN treaty on plastic pollution set to begin in Busan
-
6
Korea to hold own memorial for forced labor victims, boycotting Japan’s
-
7
Nvidia CEO signals Samsung’s imminent shipment of AI chips
-
8
Industry experts predicts tough choices as NewJeans' ultimatum nears
-
9
Job creation lowest on record among under-30s
-
10
Opposition chief acquitted of instigating perjury
South Korean stocks began lower Wednesday as investors were unnerved by the U.S. signaling another cut in economic stimulus, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) retreated 14.70 points, or 0.77 percent, to 1,891.92 in the first 15 minutes of trading.
Most large caps lost ground, led by market bellwether Samsung Electronics falling 1.7 percent and leading automaker Hyundai Motor dipping 2.6 percent.
Financial blue-chips also moved downward. Shinhan Financial shed 0.12 percent, with KB Financial sliding 1.5 percent.
U.S. federal bankers in Chicago and Atlanta said on Tuesday (U.S. time), the Federal Reserve will start ramping down its bond purchase programs sometime in the second half of this year.
The local currency was trading at 1,115.35 won against the U.S. dollar as of 9:15 a.m., up 0.15 won from Tuesday's close. (Yonhap News)
The benchmark Korea Composite Stock Price Index (KOSPI) retreated 14.70 points, or 0.77 percent, to 1,891.92 in the first 15 minutes of trading.
Most large caps lost ground, led by market bellwether Samsung Electronics falling 1.7 percent and leading automaker Hyundai Motor dipping 2.6 percent.
Financial blue-chips also moved downward. Shinhan Financial shed 0.12 percent, with KB Financial sliding 1.5 percent.
U.S. federal bankers in Chicago and Atlanta said on Tuesday (U.S. time), the Federal Reserve will start ramping down its bond purchase programs sometime in the second half of this year.
The local currency was trading at 1,115.35 won against the U.S. dollar as of 9:15 a.m., up 0.15 won from Tuesday's close. (Yonhap News)
