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STOCKS - SEOUL SHARES SLIP IN MORNING TRADE - JUNE 1, 2006.
SEOUL, June 1 Asia Pulse - South Korean stocks lost ground Thursday morning as investors remained jittery over the future direction of U.S. interest rate policy.
The benchmark Korea Composite Stock Price Index (KOSPI) lost 5.14 points, or 0.39 per cent, to 1,312.56 as of 11:20 a.m.
The 100-share, blue-chip KRX 100 fell 7.84 points, or 0.28 per cent, to 2,730.45, and the tech-heavy KOSDAQ index was down 3.83 points, or 0.60 per cent, to 626.67.
"Sharp falls in U.S. stocks on Tuesday dampened investor sentiment and the uncertain future path of U.S. interest rates weighed on the market," said Kim Jung-hyun, an analyst at Goodmorning Shinhan Securities Co. "Foreign selling also pulled down the market," he added.
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