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South Korean stocks got off to a weak start Friday as investors were disappointed with lukewarm actions by the European Central Bank (ECB), analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) lost 19.55 points, or 1.05 percent, to 1,849.85 in the first 15 minutes of trading.
Most shares traded in negative territory, with market bellwether Samsung Electronics falling 0.87 percent and top carmaker Hyundai Motor sinking 2.1 percent.
The ECB said it will take no immediate actions to buy soaring Spanish and Italian bonds and save the euro, dragging down global stock markets overnight.
The local currency was trading at 1,136.25 won against the U.S. dollar as of 9:15 a.m., down 4.55 won from Thursday's close.
(Yonhap News)
The benchmark Korea Composite Stock Price Index (KOSPI) lost 19.55 points, or 1.05 percent, to 1,849.85 in the first 15 minutes of trading.
Most shares traded in negative territory, with market bellwether Samsung Electronics falling 0.87 percent and top carmaker Hyundai Motor sinking 2.1 percent.
The ECB said it will take no immediate actions to buy soaring Spanish and Italian bonds and save the euro, dragging down global stock markets overnight.
The local currency was trading at 1,136.25 won against the U.S. dollar as of 9:15 a.m., down 4.55 won from Thursday's close.
(Yonhap News)
