Seoul stocks open steeply cut on US stock dive

The standard Korea Composite Stock Selling price Index (Kospi) figures are usually displayed at a dealing sleeping quarters of a local bank back in Seoul, Wednesday. (Yonhap)

Southerly Korean stocks opened near-enough 1 . 5 percent lower Mondy, tracking an overnight plunge on Wall Street amid involves about spiking bond assure and the US debt fly.

The benchmark Korea Composite Stock Price Index (Kospi) dropped 45. 27th points, or 1 . 46 percent, to 3, 052. 69 points in the first a quarter-hour of trading.

Overnight, the tech-heavy Nasdaq composite plummeted 2 . 83 zero per cent and the S& P jfeowfdsoafos dipped 2 . 04 hundred percent. The Dow Jones Industrial Average retreated one 63 percent.

Investor sentiment also stressed over growing concerns the US debt ceiling may lead to principal consequences.

Using Seoul, top cap Good samsung Electronics lost 1 . ninety-seven percent, and No. 2 chipmaker SK hynix shed installment payments on your 42 percent.

Internet portal operator Naver retreated 1 . 78 number, and leading chemical toned LG Chem declined – 68 percent.

Top automaker Hyundai Vehicle decreased 0. 99 number, with pharmaceutical firm Special Biologics falling 1 . 61 percent.

Your local currency was trading here at 1, 187. 45 got against the US dollar, on the table 3. 05 won off the previous session’s close. (Yonhap)

Seoul stocks open steeply cut on US stock dive
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