InfoAnda - Seoul shares end at 1-mth low; econ fears hit POSCO

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Pakistan's forex reserves fall to $14.43 bln | 30 October 2009
Could Wii nunchuks make screen time healthier? | | 14 July 2012
Women's World Cup: USA falters vs. Sweden, to play Brazil in quarterfinals | 7 July 2011

Thousands mourn Jade Goody | Entertainment | | 5 April 2009

Forum Views () Forum Replies ()

Read more with google mobile : Seoul shares end at 1-mth low; econ fears hit POSCO

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Seoul shares end at 1-mth low; econ fears hit POSCO Reuters - Thursday, August 12 Send IM Story Print * Hyundai Motor outperforms on firm yen * Foreign stock sales at 2-month high * Taihan tumbles on share issue By Miyoung Kim SEOUL, Aug 12 - Seoul shares fell for a third session on Thursday to close at a one-month low as growing concerns of weaker economic growth pounded steelmaker POSCO <005490.KS>. After renewing 2010 highs last week, the Korea Composite Stock Price Index <.KS11> finished down 2.07 percent at 1,721.75 points, its lowest close since July 8. Decliners nearly tripled gainers 606 to 210 in a broad-based selloff as foreign investors dumped a net 542 billion won ($458.5 million) worth of shares, their largest sale in more than two months. "Concerns about the economic slowdown are getting only deeper and it is now bleakening the corporate outlook, which was quite upbeat just until a few weeks ago," said Han Chi-whan, an analyst at Daewoo Securities. The U.S. Federal Reserve's decision this week to reinvest proceeds from maturing mortage-linked debt and its somber economic views raised investor concerns about a slowdown in the global recovery. The Bank of Korea said on Thursday exports and domestic demand remained firm and had not yet been affected by the U.S. slowdown. [ID:nTOE67B01D] POSCO, the world's No.3 steelmaker, was the biggest loser among large-cap shares, falling 3.8 percent, hit by worries that slower economic growth would crimp demand for steel used in construction, appliances and auto products. Hyundai Motor <005380.KS>, however, outperformed the market, as the yen <JPY=> rose to a 15-year high against the U.S. dollar, which will decrease the cost competitiveness of its Japanese rivals in overseas markets. "A firmer yen will help Hyundai further increase its market share, while the dollar's strength against the won <KRW=> will improve its profitability," said Choi Dae-sik, an analyst at HI Investment & Securities. Hyundai closed 0.7 percent lower after rising by as much as 1.8 percent. Hyundai's smallest domestic rival Ssangyong Motor <003620.KS> picked India's Mahindra <MAHM.BO> as its preferred bidder on Thursday but Ssangyong shares dropped 8.5 percent amid uncertainty over the deal, as it struggles with 740 billion won debt and needs fresh capital to increase investment. "There is uncertainty on whether a deal could be reached. Mahindra wouldn't want to overpay but Ssangyong may need more than what Mahindra proposes to survive," said Jung Mee-kyung, an analyst at Korea Investment & Securities. Shares in wire and cable company Taihan Electric Wire <001440.KS> plunged 13.85 percent after the company said it would place 65 million shares, worth 358 billion won, to exisiting shareholders. The share sale at 5,510 won apiece, or a 29 percent discount to Thursday's closing price, would be its second this year after the liquidity-strapped firm sold about 184 billion won worth of shares in April. "It's the second share offering in just four months, which will dilute investors' share value sharply, while there will be no immediate turnaround in its liquidity problems," said Lee Sang-hun, an analyst at HI Investment & Securities. SK Energy Co Ltd <096770.KS> and GS Holdings Corp <078930.KS> also tumbled after state-run Korea National Oil Corp , which leads their oil project consortium, said oil reserves in a field in northern Iraq may be smaller than expected. SK Energy, South Korea's top oil refiner, dropped 5.7 percent and GS Holdings faltered 7.1 percent. Consortium members Daesung Industrial <128820.KS> dropped 12.4 percent and UI Energy Corp <050050.KQ> fell 15 percent. Recommend Send IM Story Print Related Articles HSBC, Merrill Lynch, RBS to manage S.Lanka $1 bln bond Reuters - 28 minutes ago Rio Tinto eyeing stake in Russia's Uralkali-sources Reuters - 32 minutes ago India's Tata Steel posts Q1 profit; outlook cautious Reuters - 36 minutes ago Russia Norilsk says Glencore asked to sell all nickel Reuters - 39 minutes ago Vakifbank Q2 net profit down 22 pct, below forecast Reuters - 43 minutes ago News Search Top Stories 'Rage against US' motivated Kampala bombing 'mastermind' US jobless claims jump to highest level since February GM profits surge past $1 bln as IPO looms Global equities rocked by economic recovery fears European stocks fall, London drops 0.26% More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Visitors attack Taiwan 'haunted house' actors Chelsea agree Carvalho fee with Real US court says Germany can be sued over Hitler-era bonds Stem cells used to treat killer skin disease Supermodel diamonds evidence meant to be 'low-key' More Most Viewed » Argentine students crack three-decade-old murder mystery 40 US billionaires pledge half wealth to charity World's first full face transplant man appears on TV Visitors attack Taiwan 'haunted house' actors Calcium supplements linked to heart attacks: study More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Thursday, 12 August 2010
Twenty-three die in ambush in South Sudan oil state
Hackers siphon cash from British bank accounts
U.S. failed to plan for Guantanamo convicts
BP to start Libyan drilling this year
Rwanda's Kagame wins election by landslide |
Plastic Logic cancels QUE electronic reader
US suffers widest trade gap in 20 months
Germany to keep close eye on Google "Street View"
Poverty robs Yemeni children of their young years
23 die in ambush in South Sudan oil state |
WHO list reveals flu advisors with industry ties
Ethiopia eyes end of food aid within five years: PM |
U.N. appeals for $460 million for flooded Pakistan
Islamic charities versus the US in battle for Pakistan aid
Thailand to indict top Red Shirts for terrorism
Thai Supreme Court rejects Thaksin's asset appeal
China sentences to death two leaders of prostitution ring
Many Americans don't want government to push fast Internet |
S.Korea beat Nigeria 2-1 in friendly
US-ENTERTAINMENT Summary
Rock band Weezer honors "Lost" star on new album
Former Sex Pistol headlines Hungary festival
Air China's Shenzhen signs Airbus purchase
South India star makes Bollywood's most expensive film
Macau casino makes a showy splash, but will punters come?
Tiger Woods' TV allure: the "train wreck" factor
Old Spice hunk exchanges roles in Tyler Perry films
ICBC buyout plan sends Hong Kong unit shares soaring
Busy mogul Nick Cannon finds time for pillow talk with Mariah
India central bank seeks more banks for rural areas
Fantasia's dad speaks out |
Eminem fends off Taylor Swift on U.S. singles chart |
Canada rockers Arcade Fire heat up U.S. album chart |
Rock band Weezer honors Lost star on new album |
Karroubi: Iran sanctions strengthening government
U.N. warns of second wave of Pakistani flood deaths |
US-TECH Summary
U.S. braces for Kandahar fight, anti-corruption battle |
U.S. sentences bin Laden's cook to 14 years
Russia admits fires burned on Chernobyl-hit land
Stem cells used to treat killer skin disease
IBM, Oracle end lawsuit over poaching executives
Keep or close Guantanamo? Military jurors weigh in |
US court says Germany can be sued over Hitler-era bonds
Russia urges no panic over Chernobyl-hit regions
Top Iraqi officer warns US must stay past 2011
England, Argentina put World Cup trauma behind them
U.S. sentences bin Laden's cook to 14 years |
Google to serve ads on DIRECTV satellite dish programs
US sticks to Iraq withdrawal timetable
AP Exclusive: Aid workers' last moments
U.S. upbeat on Iraq despite violence, deadlock |
Cisco revenue climbs but profit disappoints
Astronauts remove failed cooling pump in ISS spacewalk
Chechen rebels claim small blast near Gazprom HQ |
Smartphone apps help keep the faith on Ramadan
Many Americans don't want government to push fast Internet
Fake candidate mocks Australian vote campaign
India considers BlackBerry suspension over security
No Ramadan respite as unrest rocks Indian Kashmir
U.S. braces for Kandahar fight, anti-corruption battle
Myanmar designates constituencies for rare election
Hollywood greens up with environmental database
Politician-boxer Pacquiao to train at parliament
Nearly 200 of Japan's oldest citizens 'missing'
India officials meet over BlackBerry security |
UN aid push for Pakistan as US steps up relief
Japan satisfied by Apple moves on overheating iPods |
Leonardo DiCaprio attacker pleads not guilty
China's golden skating pair to host wedding on ice
IBM, Oracle end lawsuit over poaching executives |
Fantasia's dad speaks out
Rains bring new misery to China mudslide town
Outback Australians first voters in August 21 election
Mahindra becomes preferred bidder for Ssangyong
Lea Michele has Justin Timberlake on her mind
Seoul shares end down; econ concerns hit POSCO
Seven reasons Fox hasn't signed an "Idol" judge
S.Korea c.bank holds rates, but next rise seen soon
UK PM backs ban on sale of cheap alcohol: report
Korea Hot Stocks-SK Energy, GS down on oil field concerns
Zsa Zsa Gabor home from hospital with new hip
Emmy voters favor fresh, complex drama series
Gloom reigns as US recovery slows
Does "Lost's" demise make it Emmy's sure thing?
S.Korea freezes key interest rate at 2.25 pct
"Eat Pray Love" an unappetizing combo
Strike shuts down Japanese mine in Bolivia
"Mad Men" links up with smoking charity for auction
China Everbright Bank on track to raise $3.2 bln
Hollywood greens up with environmental database
PAKISTAN
Judge removes herself from Lindsay Lohan case |
Emmy voters favor fresh, complex drama series |
S.Korea c.bank: price stability "very important"
Seven reasons Fox hasn't signed an Idol judge |
Lea Michele has Justin Timberlake on her mind |
Eat Pray Love an unappetizing combo |
Mad Men links up with smoking charity for auction |
Zsa Zsa Gabor home from hospital with new hip |
Hollywood greens up with environmental database |
Does Lost's demise make it Emmy's sure thing? |
Top TV Salaries: Winfrey, Seacrest, Sheen, Laurie |
Japan satisfied by Apple moves on overheating iPods
Iran woman facing stoning death appears on state TV
European stocks fall, London drops 0.26%
Drought ruins Russia wheat, U.S. says no world crisis |
Russia says Chernobyl-area radiation normal
GM profits surge past $1 bln as IPO looms
Iraq general says army not ready for U.S. pullout
Israel said to reject Palestinian formula for talks |
French trial hears of chef's body found in freezer
Global equities rocked by economic recovery fears
Claims of Afghan civilian deaths spark protest
Austerity hits Greek economy harder than forecast |
Sixteen UK tourists stuck in Costa Rican mountains
In Afghanistan, stillness among the chaos
First use of tools pushed back a million years
Low prices drive second quarter phone sales up 14 pct: Gartner
Ecuador rocked by 6.9 quake, no major damage |
Medics killed in Afghan ambush, aid group says |
Penpix: The main players in al Qaeda's Saharan operations |
Car bomb explodes in Colombian capital |
Italy's Berlusconi offers olive branch to rebels |
Deadly Typhoon Dianmu cuts across Japan
Radical Indonesia cleric silent over terror claims
Pakistani president tries to comfort flood victims
Hidden trillions widen China's wealth gap
French star Bardot says 'no one' can play her
China says foreign firms get fair anti-trust shake
Pakistan floods destroy crops, could cost billions
Giant panda has second set of twins in Japan
China offers to help N.Korea crack down on crime
Scott Pilgrim movie speaks to gamer generation |
India meeting on BlackBerry ends without decision
George Michael charged with drug, driving offences
India industrial output grows at slow pace
Low prices drive second quarter phone sales up 14 pct: Gartner |
Pakistan's forex reserves ease to $16.46 bln
French star Bardot says 'no one' can play her
Celebrity publicist sought in Mel Gibson case
Seoul shares end at 1-mth low; econ fears hit POSCO
Jetblue folk hero electrifies news media, ad firms
Extreme tourists set off to walk through Africa
George Michael charged with possessing drugs |
Cancer gets first TV comedy twist in The Big C |
Jetblue folk hero electrifies news media, ad firms |
"Scott Pilgrim" movie speaks to gamer generation
Judge removes herself from Lindsay Lohan case |
Low prices drive second quarter phone sales up 14 pct: Gartner
Celebrity publicist sought in Mel Gibson case |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01