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Seoul shares open lower following US losses:Samsung Elec drops
By 정민경Published : July 22, 2016 - 09:45
[THE INVESTOR] South Korean shares started lower on July 22 following overnight losses on Wall Street.
The benchmark Korea Composite Stock Price Index shed 3.91 points, or 0.19 percent, to 2,008.31 in the first 15 minutes of trading.
Most large caps traded mixed with market kingpin Samsung Electronics falling 1.17 percent.
Top automaker Hyundai Motor remained flat, and top steelmaker POSCO rose 2.32 percent.
Naver, the operator of the country’s top Internet portal, advanced 0.43 percent.
The Dow Jones industrial average ended its six-day winning streak on July 21 in the face of worse than expected earnings from Intel and other major firms. The tech-rich Nasdaq Composite Index also shed 0.3 percent to 5,073.90.
The local currency was trading at 1,135.90 won against the US dollar, unchanged from the previous session’s close.
(theinvestor@heraldcorp.com)
The benchmark Korea Composite Stock Price Index shed 3.91 points, or 0.19 percent, to 2,008.31 in the first 15 minutes of trading.
Most large caps traded mixed with market kingpin Samsung Electronics falling 1.17 percent.
Top automaker Hyundai Motor remained flat, and top steelmaker POSCO rose 2.32 percent.
Naver, the operator of the country’s top Internet portal, advanced 0.43 percent.
The Dow Jones industrial average ended its six-day winning streak on July 21 in the face of worse than expected earnings from Intel and other major firms. The tech-rich Nasdaq Composite Index also shed 0.3 percent to 5,073.90.
The local currency was trading at 1,135.90 won against the US dollar, unchanged from the previous session’s close.
(theinvestor@heraldcorp.com)
