Seoul shares turn lower after opening up amid inflation worries

Global Market: South Korean stocks decline as Samsung falls, oil prices fuel inflation fears

South Korean shares trade lower as chip stocks weaken, and rising oil prices fuel inflation concerns, putting the KOSPI on course for a second straight weekly decline.

Seoul shares turn lower after opening up amid inflation worries

Seoul shares turned lower after opening up Thursday, largely due to inflation worries stoked by elevated oil prices. After opening 0.07 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) lost ground, trading down 53.32 points, or 0.78 percent, to 6,750.58 as of 9:15 a.m. Overnight, the Dow Jones Industrial Average fell 0.66 percent, while the tech-heavy Nasdaq Composite declined 0.22 percent. Investors remain wary as higher …

Seoul Stocks Extend Losses as Rising Oil Prices Fuel Inflation Concerns - Business News Week

Seoul, Oct 8: South Korean equities extended their losses on Thursday as investors turned cautious amid renewed inflation concerns, rising oil prices and expectations of tighter monetary policy in the United States. The KOSPI index fell 54.22 points, or 0.8 per cent, to 6,749.68 by 11:20 a.m. local time, after opening marginally higher. The decline […] The post Seoul Stocks Extend Losses as Rising Oil Prices Fuel Inflation Concerns first appeare…

Seoul shares extend losses amid inflation worries - tennews.in: National News Portal

Seoul, Oct 8 (IANS) Seoul shares extended losses late on Thursday morning, tracking Wall Street’s downturn, as elevated oil prices stoked inflation concerns. After opening 0.07 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) backtracked almost immediately, trading down 54.22 points, or 0.8 percent, to 6,749.68 as of 11:20 am, reports Yonhap news […] The post Seoul shares extend losses amid inflation worries appeared first…

Seoul shares extend losses amid inflation worries

Seoul, Oct 8 (SocialNews.XYZ) Seoul shares extended losses late on Thursday morning, tracking Wall Street's downturn, as elevated oil prices stoked inflation concerns. After opening 0.07 percent higher, the benchmark Korea Composite Stock Price Index... - Social News XYZ