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Monday, November 12, 2007

South Korea's main index falls more than 4 percent following Wall Street drop last week

: South Korea's benchmark index drop sharply Monday, dropping more than than 4 percentage followers Friday's diminution on Wall Street.

The Korean Peninsula Complex Stock Price Index, or Kospi, was down 74.6 points, or 3.75 percent, at 1,990.5 in afternoon trading after dropping as much as 4.5 percentage earlier.

Blue bits declined, with steelworker Posco falling 4.1 percentage to 562,000 won.

Hyundai Heavy Industries Co., the world's greatest shipbuilder, drop 4.1 percentage to 481,000 won. Samsung Electronics Co., South Korea's biggest corporation, declined 2.2 percentage to 528,000 won.

On Friday in New York, the Dow Mother Jones industrial norm drop 223.55, or 1.69 percent, to 13,042.74 after major Banks warned of additional debt-related losses. Today in Business

Despite Monday's decline, South Korea's Kospi was still 33 percentage higher for the year.

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August 2, 2012 at 3:34 PM  

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