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Article: Seoul shares trade lower on Wall Street losses.
- Article from:
- YON - Yonhap News Agency of Korea
- Article date:
- November 28, 2007
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SEOUL, Nov. 27 (Yonhap) -- South Korean stocks fell more than 3 percent late Tuesday morning as investor sentiment was dented by overnight losses in U.S. markets, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) fell 58.94 points, or 3.18 percent, to 1,796.39 as of 11:20 a.m."The local key index tumbled on renewed concerns over the U.S. subprime mortgage rout. Foreign investors became net sellers in one session, which burdened the stock index," said Park So-yeon, an analyst at Korea Investment & Securities. Park added shares of Samsung Group sharply fell on reports over alleged irregularities involving the group's slush fund scandal.Most ...