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STOCKS - SEOUL SHARES EDGE DOWN AFTER STRONG START - OCT 1, 2008.
SEOUL, Oct 1 Asia Pulse - South Korean stocks started stronger Wednesday but soon lost ground as institutional selling overshadowed revived hopes that U.S. lawmakers will salvage a rejected bailout plan, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) declined 3.78 points, or 0.26 percent, to 1,444.28 in the first 15 minutes of trading.
Tech bellwether Samsung Electronics and top oil refiner SK Energy both lost ground. But No.2 carmaker Kia Motors jumped 4.1 percent on reports that unionized workers at the automaker have reached a wage deal with their ...
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Source: HighBeam Research, STOCKS - SEOUL SHARES EDGE DOWN AFTER STRONG START - OCT 1, 2008.