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STOCKS - SEOUL SHARES OPEN WEAKER - AUG 1, 2002.

AsiaPulse News

| August 01, 2002 | COPYRIGHT 2002 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SEOUL, Aug 1 Asia Pulse - Seoul stocks stayed weak Thursday despite stabilizing U.S. markets.

The Korea Composite Stock Price Index (KOSPI) stood at 714.29 as of 9:30 a.m., down 3.70 points or 0.51 per cent from Wednesday's close.

Trading was weak with volume totaling 217 million shares through that time for a turnover of 317 billion won (US$260 million). However advancers led decliners 376 to 288 with 89 unchanged.

In the United States, the Dow Jones Industrial Average edged up 0.65 per cent to 8,736.59 overnight, on a last-minute rally, while the Nasdaq Composite Index fell 1.18 per cent to 1,328.27. The S&P500 index rose 0.98 per cent to 911.62.

The Dow's gain shrugged off disappointing ...

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Source: HighBeam Research, STOCKS - SEOUL SHARES OPEN WEAKER - AUG 1, 2002.

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