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Seoul shares open down; econ worry weighs on techs
Reuters - 50 minutes ago
SEOUL, Nov 18 - Seoul shares opened lower on Tuesday after drops in Wall Street on persistent global recession worries and the news of massive job cuts by Citigroup, sending South Korean exporters including Samsung Elec <005930.KS> lower.
Samsung Elec, the world's No.1 memory chip maker, was down 2.55 percent and KB Financial Group <105560.KS>, the holding firm of South Korea's largest commercial lender Kookmin Bank, fell 2.78 percent.
The Korea Composite Stock Price Index <.KS11> was down 1.76 percent at 1,059.35 points as of 0004 GMT.
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