SEOUL, March 17 (Reuters) - Seoul stocks opened 0.73 percent moderate on Monday, led by financials, after the floor word on Sunday that the U.S. Federal Reserve lowered its allowance take to task and newsflash that JPMorgan Chase & Co (JPM.
N: , , ) would go for troubled measure up to Bear Stearns (BSC.N: , , ). The news broadcast revived fears that a long-lasting epidemic credence shop bite would requirement more economic companies. Shinhan Financial Group (055550.KS: , , ) mow 1.47 percent to 46,800 won, and Hana Financial Group (086790.KS: , , ) declined 5.2 percent to 38,250 won.
The Korea Composite Stock Price Index was down 1.71 percent at 1,572.93 points as of 008 GMT. Exporters such as LG Electronics (066570.KS: , , ) and LG Display (034220.
KS: , , ) floor after a drop-off in the U.S. consumer tender-heartedness list clouded prospects for shipments to South Korea's second-largest export market. LG Electronics declined 2.64 percent to 110,500 won, and LG Display knock 0.92 percent to 42,300 won.
Author's article: there
No comments:
Post a Comment