Seoul shares sink almost 2% on oil slump, eurozone woes
Seoul shares
Seoul - Yonhap
South Korean stocks dropped almost 2 percent Tuesday as a prolonged slump in oil prices and revived woes over the eurozone economy prompted broad market sell-offs, analysts said. The South Korean won rose against the U.S. dollar.
The benchmark Korea Composite Stock Price Index (KOSPI) shed 33.3 points, or 1.74 percent, to 1,882.45. Trading volume was moderate at 299 million shares worth 4.66 trillion won (US$4.24 billion), with losers beating gainers 577 to 233.
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