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Article: South Korea: Samsung, LG Elec slide as Kospi sheds 2.1%.
- Article from:
- TendersInfo
- Article date:
- January 24, 2009
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Byline: manish03
Seoul [macron]s main stock market closed 2.1 percent lower yesterday as investors were spooked by growing worries about corporate earnings, analysts said.
The benchmark Kospi shed 22.83 points to 1,093.4. Volume was light at 259.1 million shares worth 3.5 trillion won ($2.5 billion), with losers outpacing gainers 582 to 215.
[degrees]Market sentiment, already dented by overnight Wall Street losses, took a further hit from disappointing earnings of market bellwether Samsung Electronics, [+ or -] said Sung Jin-kyung, an analyst at Daishin Securities.
The U.S. Dow Jones industrial average lost 1.3 percent on Thursday ...