중앙데일리

Kospi closes below 2,000 on U.S. worries

Oct 18,2007
The local stock market dipped below 2,000 for the first time in eight trading days yesterday amid growing concern over a slow-down in the U.S. economy and possible overheating in Chinese stock markets.
The Kospi fell 21.82 points, or 1.1 percent, closing at 1,983.94. The index once slipped to 1,930 before recovering a bit late in the afternoon session.
“We gather that the negative performance data from U.S. financial companies and rising oil prices, which have surged to close to $90 a barrel, affected global exchanges, including Korea’s,” Ku Hee-jin, an analyst at Daishin Securities, said in a report.
Steel makers and shipbuilders, which among local industries benefitted the most from the red-hot Chinese markets because of strong demand for their products, led the market down.
Posco, the nation’s top steelmaker, dove 7.5 percent to 619,000 won ($674). Hyundai Heavy Industries, the world’s largest shipbuilder, shed 3.1 percent. STX Pan Ocean, which hit the daily ceiling of 15 percent the previous day, lost 3.8 percent.
Samsung Electronics, a market bellwether, stayed steady at 515,000 won. Hynix Semiconductor, the world’s second-largest computer chip maker after Samsung Electronics, increased 0.4 percent. LG.Philips LCD edged up 0.8 percent, while Hyundai Motor rose 2.1 percent.
The nation’s leading lender Kookmin Bank and No. 2 Shinhan Financial Group remained unchanged. Woori Financial Group, the nation’s third-largest bank, slid 2.2 percent.
Trading volume was 507 million shares worth 9.2 trillion won. Decliners outnumbered advancers, 565 to 236.
The secondary Kosdaq fell 12.51 points, or 1.6 percent, to finish at 780.22. Trading volume was 588 million shares worth 2.2 trillion won. Losers led gainers, 635 to 310.


By Moon Gwang-lip Staff Writer [joe@joongang.co.kr]



dictionary dictionary | 프린트 메일로보내기 내블로그에 저장