Seoul’s stock market lost 1.5 percent dragged down by Wall Street
Seoul’s stock market yielded 1.5 percent today, after two consecutive positive sessions, dragged down by falls in U.S. and after the Federal Reserve (Fed) would show little willingness to take additional stimulus.
The South Korean Kospi index lost 30.67 Marketplace points, or 1.50 percent, at 2018.61 units and was on a day in which they moved 5,110 million, while the technology stock indicator Kosdaq yielded 12 , 86 points, or 2.49 percent, to 502.97 points.
Wall Street, with gains for three consecutive days, fell yesterday after publishing some data on U.S. factory orders worse than expected and the Fed will rush to claim that only major stimulus measures if economic growth slows country, which affected the Kospi.
Technology firms, steel mills and shipyards ended in negative territory, while the values shelter closed with gains.
The reference value of the South Korean market, Samsung Electronics fell 1.12 percent, while the world’s second largest chip manufacturer, Hynix SK, lost 2.97 percent.
Hyundai Heavy Industries, the largest shipyard in the world, depreciated by 2.29 percent, while its rival, Samsung Heavy Industries lost 4.34 percent.
The country’s largest steelmaker, POSCO also lost 1.45 percent, while Hyundai Steel did a 2.84 per cent.
The industry of automobile manufacturers was flat, supported by strong sales recorded in March, which made the leader of the South Korean market, Hyundai Motor lost 0.59 percent while its subsidiary Kia Motors remained unchanged.
Values shelter as KT & G, the leading tobacco company in the country, gained 2.23 percent.
The local currency lost 7.4 units against the dollar, which ended in 1129.20 won at the end of the session.
Category: Stock Market Trading
