ID :
39522
Thu, 01/08/2009 - 17:22
Auther :
Shortlink :
http://m.oananews.org//node/39522
The shortlink copeid
Seoul stocks open lower on profit-taking
SEOUL, Jan. 8 (Yonhap) -- South Korean stocks started lower on Thursday on profit-taking following a five-day bull run, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) fell 16.02 points, or 1.3
percent, to 1,212.15 in the first 15 minutes of trading.
Most large-cap shares traded in negative territory as investors booked profits on
their recent surges.
The local currency was trading at 1,313.25 won to the U.S. dollar as of 9:15
a.m., down 20.75 won from Wednesday's close.
The benchmark Korea Composite Stock Price Index (KOSPI) fell 16.02 points, or 1.3
percent, to 1,212.15 in the first 15 minutes of trading.
Most large-cap shares traded in negative territory as investors booked profits on
their recent surges.
The local currency was trading at 1,313.25 won to the U.S. dollar as of 9:15
a.m., down 20.75 won from Wednesday's close.
