Seoul Stocks Open Lower Ahead of Earnings Reports, Fed Decision

Seoul stocks open lower ahead of earnings reports, Fed decision

Korean stocks opened lower Monday as investors awaited third-quarter earnings from major chipmakers and the U.S. Federal Reserve's monetary policy decision later this week amid rising oil prices. After opening 0.92 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) pared its earlier losses to trade down 24.45 points, or 0.46 percent, to 5,524.85 as of 9:15 a.m. The index gained 0.3 percent Friday but lost 2.08 percent for the…

Seoul stocks extend losses ahead of earnings reports, Fed decision

Seoul, Oct 26 (SocialNews.XYZ) South Korean stocks traded lower on Monday as investors remained cautious ahead of third-quarter earnings reports from major chipmakers and the U.S. Federal Reserve's monetary policy decision later this week. After opening 0.92 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) extended its earlier losses to trade down 71.49 points, or 1.29 percent, to 5,478.81 as of 11:20 am, reports Yonhap new…

(URGENT) Seoul stocks open lower ahead of earnings reports, Fed decision

(END)