South Korean shares drop as weaker yen hits exporters
SEOUL May 10 (Reuters) - South Korean shares fell on Friday as investors dumped exporters including Hyundai Motor after the Japanese yen weakened further, deepening concerns about South Korean firms' competitiveness.
Samsung Electronics, the biggest share on the main KOSPI and the world's No.1 memory chip maker, fell 2.6 percent. Hyundai Motor, the second-biggest share on the main board, declined 2.3 percent.
The Korea Composite Stock Price Index (KOSPI) ended down 1.75 percent to 1,944.75 points, giving up all of its previous session's gains made on South Korean central bank's rate cut decision. (Reporting by Jungyoun Park; Editing by Sanjeev Miglani)
- First Ebola case diagnosed in the United States: CDC |
- Advanced iOS virus targeting Hong Kong protestors -security firm
- Traveler from Liberia is first Ebola patient diagnosed in U.S. |
- Hong Kong democracy protesters and officials mark uneasy National Day |
- Mayor of Los Angeles suburb of Bell Gardens shot dead