Tuesday, June 26, 2007

South Korean Stocks Slide for Fourth Day on Slump in U.S. Housing Market

(Bloomberg) -- South Korean stocks fell for their
first four-day decline since March. Samsung Electronics Co. slid
after U.S. new-home sales and consumer confidence trailed
estimates, fueling concern a housing slump will damp the world's
biggest economy.

The Kospi index lost 13.91, or 0.8 percent, to 1735.64 as of
9:28 a.m. in Seoul. The Kosdaq retreated 0.7 percent to 774.79.
Kospi 200 futures expiring in September slipped 0.7 percent to
222.25, while the underlying index dropped 0.8 percent to 220.76.


Read more at Bloomberg Stocks News

No comments: