Is S. Korea dangerous for women?
S. Korea holds rare military parade, warns NK against nuclear attack
Seoul prepares for first major military parade in ten years
Do professors in Korea have too much power over students?
Opposition leader Lee attends arrest warrant hearing at Seoul court
[Korea Beyond Korea] Early Koreanists 'on verge of extinction overseas'
Young swimmer enjoys self-fulfilling prophecy in gold medal-winning race
S. Korean fencer Oh Sang-uk wins gold in men's individual sabre
Chief justice seat at top court left vacant amid Assembly chaos
[Herald Interview] S&P economist tells Korea to brace for worst-case scenario with China
Seoul shares open lower on US lossesBy a2017001
Published : May 18, 2017 - 09:42
South Korean stocks got off to a weak start Thursday, tracking their US peers that ended bearish amid intensifying political turmoil surrounding President Donald Trump's alleged interference with a federal investigation, analysts said.
The benchmark Korea Composite Stock Price Index dropped 11.18 points, or 0.49 percent, to trade at 2,281.90 in the first 15 minutes of trading.
The US S&P 100 index marked its biggest fall in months Wednesday (local time), as investors opted for selling on worries that Trump's key agenda, including a tax cut, would not be carried out smoothly as the president faces scrutiny over his suspected interference to stop an FBI probe.
Shares on the Seoul bourse declined across the board, led by financial and chemical stocks. Major lender KB Financial Group dipped more than 2 percent, and Lotte Chemical slipped nearly 1 percent. Tech giant Samsung Electronics also lost about 1 percent.
Autos, however, gained ground, with auto parts maker Hyundai Mobis jumping 2.2 percent.
The local currency was trading at 1,122.90 won against the US dollar as of 9:15 a.m., down 4.6 won from Wednesday's close. (Yonhap)
Lee Jae-myung's arrest reprieve emboldens opposition fightback
The Korea Herald to hold space forum on Oct. 11
[Herald Interview] 'UN peacekeeping forces need better gender equity'