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SEOUL SHARES EXPECTED TO SLIP FURTHER ON FINANCIAL WOES.
SEOUL, March 2 Asia Pulse - South Korean stocks are likely to fall further in the coming week on deepening financial jitters and the weakening local currency, analysts said Saturday.
"Local shares will face increased downside risks that stem from increased financial woes and a series of bad news," said Kim Joong-hyun, an analyst at Goodmorning Shinhan Securities.
Concerns over struggling U.S. banks and defaults by Eastern European countries will continue to weigh heavily on the market, he said. "The weaker won is also deterring foreign investors," Kim said.
The country's key stock index, KOSPI, closed Friday at 1,063.03 points, down 2.92 points from a week earlier when it finished at 1,065.95, as foreign and institutional investors dumped financial and tech shares to lock in part of gains built up over the past few weeks.
The Korean won also fell to an 11-year low against ...
- Seoul stocks close up 0.21 pct on eased financial woes.
- News wire article from: YON - Yonhap News Agency of Korea May 12, 2009 700+ words
...investor sentiment was lifted by eased financial woes, analysts said. The local currency rose against the U.S. dollar. The benchmark...added 4.91 percent to 27,800 won. The local currency finished at 1,237.9 won against the...
- Seoul shares tumble on oil, financial woes.
- News wire article from: YON - Yonhap News Agency of Korea July 3, 2008 700+ words
...that sky-high oil prices and financial woes in the U.S. could derail...economy, analysts said. The local currency jumped against the U.S. dollar...from the previous day. The local currency closed at 1,036.8 won against...
- Seoul shares to slip further on financial woes.
- News wire article from: YON - Yonhap News Agency of Korea March 1, 2009 700+ words
...financial jitters and the weakening local currency, analysts said Saturday...risks that stem from increased financial woes and a series of bad news...dollars in South Korea. The local currency fell to as low as 1,542...
- Seoul stocks end up 2.44 pct on eased financial woes.
- News wire article from: YON - Yonhap News Agency of Korea March 24, 2009 700+ words
...analysts said. The local currency jumped to a one...187,000 won. The local currency ended at 1,391...market helped ease financial woes lingering on the currency...adding that the local currency may trade between...
- Global financial woes weigh on economy: report.
- News wire article from: YON - Yonhap News Agency of Korea November 6, 2008 700+ words
SEOUL, Nov. 6 (Yonhap) -- The ongoing global financial woes continued to put a damper on domestic demand and employment...experts have been rushing to stabilize hard-hit local currency and stock markets with a raft of measures including...
- GLOBAL FINANCIAL WOES WEIGH ON SOUTH KOREAN ECONOMY.
- News wire article from: AsiaPulse News November 6, 2008 700+ words
SEOUL, Nov. 6 Asia Pulse - The ongoing global financial woes continued to put a damper on domestic demand and employment...experts have been rushing to stabilize hard-hit local currency and stock markets with a raft of measures including...
- STOCKS - SEOUL SHARES JUMP ON EASED FINANCIAL WOES - NOV 3, 2008.
- News wire article from: AsiaPulse News November 3, 2008 700+ words
...South Korean stocks opened sharply higher Monday on eased financial woes, continuing their rally following a recent currency swap...and the tech-heavy Nasdaq gained 1.32 per cent. The local currency was trading at 1,303.5 won to the U.S. dollar as...
- Seoul shares end down 0.55 pct on financial woes.
- News wire article from: YON - Yonhap News Agency of Korea February 20, 2009 700+ words
...worries about financial instability, analysts said. The local currency fell against the U.S. dollar for an eighth day. The...on expectations chip prices may rise down the road. The local currency closed at 1,481 won to the dollar, down 13 won from Wednesday...