Seoul shares retreat on weak corporate earnings

GMT 10:17 2014 Friday ,01 August

Arab Today, arab today Seoul shares retreat on weak corporate earnings

Seoul shares
Seoul - Yonhap

South Korean stocks ended lower on Thursday, snapping its four-session winning streak as investor sentiment was battered by sluggish second-quarter corporate earnings by tech companies, analysts said. The South Korean won fell against the U.S. dollar.
The benchmark Korea Composite Stock Price Index (KOSPI) shed 6.49 points, or 0.31 percent, to 2,076.12. Trading volume was moderate at 377.4 million shares worth 5.98 trillion won (US$5.82 billion), with losers outpacing gainers 427 to 382.

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