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South Korea shares down 4.49pc

SEOUL : South Korean shares slumped 4.49 percent in morning trade Friday on renewed fears over a global recession. Th
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By Shoaib Ur Rehman
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south-koreaSEOUL: South Korean shares slumped 4.49 percent in morning trade Friday on renewed fears over a global recession.

The benchmark KOSPI stood at 1,777,13, down 83.45 points, by lunchtime.

Blue chips fell across the board and shares of chemical companies and financials were also down sharply.

 

Copyright AFP (Agence France-Presse), 2011

 

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