SEOUL: South Korean shares fell on Wednesday morning, tracking US stock markets, as investor risk-taking was sapped after bellwethers on Wall Street announced soft earnings.
The Korea Composite Stock Price Index (KOSPI) was down 0.9 per cent at 2,065.95 points as of 0204 GMT.
The index will mark its sharpest daily percentage drop in two weeks if it maintains the decline by the close of trade.
“Local markets opened with risk-off sentiment on the back of earnings woes in Wall Street, and continuous foreign selling in local markets are weighing on the index,” said Lee Jae-hoon, an analyst at Mirae Asset Securities.
