Korean shares got off to a weak start on Friday, taking a cue from losses in global stock markets.
The benchmark Korea Composite Stock Price Index (KOSPI) dropped 16.06 points, or 0.86 percent, to 1,845.48 in the first 15 minutes of trading.
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KOSPI (Bloomberg) |
Major sectors started bearish, with the financial, chemical and medical sectors leading the anemic run.
On Thursday, the Dow Jones industrial average plunged 1.6 percent as concerns over slowing growth weighed on the market. Japan‘s Nikkei 225 also opened sharply lower on Friday, losing over 4 percent at one point.
The local currency was changing hands at 1,204.35 won against the U.S. dollar as of 9:15 a.m., down 1.85 won from the previous day. (Yonhap)
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