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Print Print edition: 2011-11-03

Seoul shares down

Published Updated

Seoul shares ended down 0.6 percent on Wednesday, hit by renewed fears about Greece, but firm gains in automakers and nuclear power-related firms including Hyundai Motor and KEPCO Engineering & Construction helped trim falls. Foreign investors were sellers of a net 351 billion won ($315.1 million) worth of stocks, snapping four consecutive sessions of buying. The Korea Composite Stock Price Index (KOSPI) ended down 0.6 percent at 1,898.01 points.
Nuclear power plant designer KEPCO Engineering & Construction jumped 15 percent. Shares in KEPCO Plant Service & Engineering, which maintains and operates nuclear facilities, spiked 7.9 percent. Automakers outperformed following strong October sales data.
Hyundai Motor edged up 0.2 percent after reporting 13.6 percent year-on-year growth in sales after the closing bell on Tuesday. Kia Motors advanced 1.9 percent. Falls in banks weighed, with shares in KB Financial Group shedding 1.8 percent and Hana Financial Group declining 2.1 percent.
Woori Finance Holdings fell 2.4 percent after the company reported late on Tuesday that its third quarter operating profit fell nearly 11 percent from a year before. Woori Investment & Securities lost 3.2 percent and Mirae Asset Securities shed 4.2 percent. The KOSPI 200 index ended down 0.76 percent at 248.03 points and the junior Kosdaq market rose 0.23 percent to 493.49 points.

Copyright Reuters, 2011

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