An digital board displaying the Korea Composite Inventory Worth Index at a dealing room of the Hana Financial institution headquarters in Seoul on Wednesday. (Yonhap)
South Korean shares opened sharply decrease Wednesday, monitoring in a single day losses on Wall Avenue.
The benchmark Korea Composite Inventory Worth Index (Kospi) fell 60.72 factors, or 2.28 p.c, to 2,603.91 within the first quarter-hour of buying and selling.
In a single day, the Dow Jones Industrial Common tumbled 1.51 p.c to shut at 40,936.93, whereas the tech-heavy Nasdaq plunged 3.26 p.c.
Tech giants, together with Nvidia and Intel, led the decline because the lower-than-expected US manufacturing buying managers index (PMI) spooked traders.
The US reported that its PMI for August stood at 47.2, decrease than the market expectation of 47.5.
In Seoul, most giant caps have been taking a heavy beating, with market kingpin and tech big Samsung Electronics dropping 2.21 p.c, whereas SK hynix, the world’s No. 2 chipmaker, plunged 6.18 p.c.
Prime battery maker LG Power Answer dipped 1.82 p.c, with its native rival Samsung SDS falling 2.51 p.c.
Main automaker Hyundai Motor retreated 2.11 p.c, and its smaller affiliate Kia Motors slipped 1.76 p.c.
The native foreign money was buying and selling at 1,342.75 received towards the US greenback, down 1.35 received from the earlier session. (Yonhap)
