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NewsSeoul shares open down on U.S. debt fears; POSCO drops
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Seoul shares open down on U.S. debt fears; POSCO drops
by hlk Mon 25 Jul 2011, 10:42
SEOUL: Seoul shares opened lower on Monday as the U.S. stalemate over
a a debt ceiling deal raised fears of a potential default in the
world's largest economy.
Shares in POSCO fell 1.5 percent after the world's No.3 steelmaker on
Friday warned of weakening demand growth and persistently high input
costs in the second half, after posting a forecasting-meeting quarterly
profit.
The Korea Composite Stock Price Index (KOSPI) was down 0.97 percent at 2,150.23 points as of 0002 GMT. – Reuters
a a debt ceiling deal raised fears of a potential default in the
world's largest economy.
Shares in POSCO fell 1.5 percent after the world's No.3 steelmaker on
Friday warned of weakening demand growth and persistently high input
costs in the second half, after posting a forecasting-meeting quarterly
profit.
The Korea Composite Stock Price Index (KOSPI) was down 0.97 percent at 2,150.23 points as of 0002 GMT. – Reuters
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