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Article: STOCKS - SEOUL SHARES END LOWER - OCT 13, 2009.
- Article from:
- AsiaPulse News
- Article date:
- October 13, 2009
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SEOUL, Oct 13 Asia Pulse - South Korean stocks closed 0.66 per cent lower Tuesday as investors unloaded shares of banks and shipbuilders, analysts said. The local currency rose against the U.S. dollar.
After volatile trading, the benchmark Korea Composite Stock Price Index (KOSPI) shed 10.88 points to 1,628.93. Volume was moderate at 408.6 million shares worth 5.31 trillion won (US$4.54 billion), with losers outpacing gainers 510 to 259.
"With a lack of strong upward momentum, the local bourse traded weaker throughout the session," said Park Seung-jin, an analyst at Samsung Securities Co. "Although there is caution ahead of the third-quarter earnings ...