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Home International Markets

South Korean stocks open lower, KOSPI down 0.1% 

byCustoms Today Report
12/11/2015
in International Markets
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SEOUL: Seoul shares edged down on Thursday morning after lukewarm China factory data, while investors awaited the South Korean central bank’s policy decision on interest rates that will be announced later in the day.

The Korea Composite Stock Price Index (KOSPI) was down 0.1 per cent at 1,994.60 points as of 0126 GMT.

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The South Korean won was up 0.3 per cent at 1,151.5 against the dollar.

Data released on Wednesday showed China’s October industrial production growth cooled to 5.6 per cent year-to-year, slightly lower than the 5.8 per cent forecast by a Reuters poll. Retail sales jumped 11 per cent from a year ago, just ahead of expectations of a 10.9 per cent increase.

 

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