Sunday, May 6, 2012

Reuters: Financial Services and Real Estate: Seoul shares open sharply lower, hit 3-month trough

Reuters: Financial Services and Real Estate
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Seoul shares open sharply lower, hit 3-month trough
May 7th 2012, 00:08

SEOUL | Sun May 6, 2012 8:08pm EDT

SEOUL May 7 (Reuters) - Seoul shares tumbled to a three-month intraday low on Monday morning, battered by concerns about the impact of weekend elections in France and Greece on the euro zone debt crisis and weaker-than-expected U.S. jobs data.

The Korea Composite Stock Price Index (KOSPI) was down 1.79 percent at 1,953.48 points as of 0004 GMT. (Reporting by Joonhee Yu; Editing by Jonathan Hopfner)

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