InfoAnda - Seoul shares drop 4 pct; some banks outperform

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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Seoul shares drop 4 pct; some banks outperform Reuters - 1 hour 28 minutes ago SEOUL, Nov 18 - Seoul shares fell on Tuesday as tech exporters like Hynix <000660.KS> and LG Elec <066570.KS> dipped on worries about worsening export conditions after the news of massive job cuts by a major U.S. bank. But some local banks outperformed the market on hopes of capital increases. Hynix Semiconductor lost 11.17 percent, and LG Elec fell 5.26 percent. But Hana Financial Group <086790.KS> climbed 5.45 percent and Woori Finance Holdings <053000.KS> closed flat. The banking subindex <.KS51> ended down 3.59 percent. The Korea Composite Stock Price Index <.KS11> ended down 3.91 percent at 1,036.16 points, just 16 percent off the 2008 low of 892.16 hit on October 27. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Business Russia daily c.bank swap limit at 20 bln roublesReuters - 23 minutes ago Japan opposition seeks to force early electionReuters - 23 minutes ago Severstal cuts EBIDTA forecast, defers $8 bln capexReuters - 23 minutes ago India ICICI Bank sees interest rates coming downReuters - 26 minutes ago RPT-GLOBAL MARKETS-Bank fears resurface, Asia stocks sinkReuters - 28 minutes ago Most Popular – Business Viewed Citigroup to slash 50,000 jobs, expenses worldwide Exercise, sleep cuts cancer risk: study Earth would be heading to a freeze without CO2 emissions Prince Charles wants to speak out as king: biographer Obama and McCain pledge 'new era of reform' View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

Other News on Monday, 17 November 2008
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