Read
- Special Report: Syria's Islamists seize control as moderates dither
- Angelina Jolie stunt double sues News Corp over hacking
- Prosecutors plan more charges against accused Cleveland kidnapper
- Global shares flat, dollar steady before Fed decision
- Journalist who brought down U.S. general is killed in Los Angeles car crash
Sponsored Links
Seoul shares are seen down, dogged by growth concerns
SEOUL, Oct 9 (Reuters) - South Korean stocks are expected to
extend losses on Tuesday, taking a cue from Wall Street, as
investors brace themselves for disappointing corporate earnings
and a slowing world economy.
"Economic uncertainty is growing and the market lacks
momentum after Samsung Electronics announced earnings estimates
(on Friday)," said Jeff Kim, an analyst Kyobo Securities.
U.S. shares were pressured on Monday by a weak corporate
earnings outlook as the World Bank cut its growth forecasts for
the East Asia and Pacific region, and warned that the slowdown
in China could worsen and last longer than many analysts expect.
The Korea Composite Stock Price Index (KOSPI) closed
0.7 percent lower at 1,981.89 points on Monday, closing below
the 2,000 point mark for the eighth straight session.
------------------MARKET SNAPSHOT @21:58 GMT----------------
INSTRUMENT LAST PCT CHG NET CHG
S&P 500 1,455.88 -0.35% -5.050
USD/JPY 78.29 -0.04% -0.030
10-YR US TSY YLD 1.743 -- 0.000
SPOT GOLD $1,775.49 0.07% 1.200
US CRUDE $89.33 0.00% 0.000
DOW JONES 13583.65 -0.19% -26.50
ASIA ADRS 119.73 -0.76% -0.92
-------------------------------------------------------------
>Wall St drops as investors wary of weak earnings
>Prices fall as jobless rate improves,new supply due
>Euro falls from 2-week highs vs dollar
>Oil dips on growth worry;Middle East fears support
(Reporting by Hyunjoo Jin; Editing by Eric Meijer)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.


Follow Reuters