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Stock Market Report
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- 2006-09-06
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UCI 로고
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Turning to stock market updates -- Seoul shares lost their gaining streak and closed lower as foreign and institutional investors sold off tech stocks.
With details‚ here's Eugene Song from Korea Investment and Securities.
South Korea's KOSPI index fell for the first day in five closing slightly lower with investors locking in gains and ahead of next week's triple witching. Exporters such as LG Philips LCD and Samsung Electronics declined after a US home-prices report raised concern consumer spending in the world's largest economy will slow.
The KOSPI index closed down 4.23 points or 0.31 percent at 1‚357.01 at the 3PM close in Seoul.
The KOSDAQ closed down 0.33 points or 0.06 percent at 592.50
LG.Philips fell 1‚000 won‚ or 2.7 percent‚ to 36‚000‚ while Samsung Electronics‚ South Korea's largest exporter‚ lost 3‚000 won‚ or 0.5 percent‚ to 654‚000.
LG Life Sciences Ltd. advanced 1‚100 won‚ or 2.5 percent‚ to 45‚400 on a share price upgrade by a domestic broker‚ citing higher earnings prospects in the fourth quarter.
POSCO rallied 4‚500 won to 245‚000 on a positive analyst report about its decision to expand its business partnership with Nippon Steel. This is Eugene Song from Korea Investment & Securities. Reporter :
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