Sunday, July 22, 2007

Seoul shares hit record, then fall

(Reuters) - Steel maker POSCO Co. Ltd. and Samsung Electronics Co. Ltd. were among the day's leading decliners, sapping momentum in a main KOSPI that is still on the cusp of breaking 2,000 points for the first time.




"China's rate hike is having an impact, although the effects may not last, as the move had been widely expected and was tamer than market expectations," said Kim Jeong-hwan, a strategist at Woori Investment and Securities.


Read more at Reuters.com Hot Stocks News

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