Seoul shares hit one-month low on weak U.S. data; Samsung drags

“Seoul shares fell 1.5 percent to its lowest in a month on Wednesday after soft U.S. manufacturing data added to worries over the global economy, while investors await a policy meeting by the European Central Bank on Thursday,” Christine Kim reports for Reuters.

“‘Another dark shadow has been cast on hopes for the U.S. economy, which had looked as if was improving with a recovery in the real estate market,’ said Kim Doo-un, an analyst at Hana Daetoo Securities in Seoul,” Kim reports. “Benchmark heavyweight Samsung Electronics, which has taken taken a beating since losing out to Apple Inc in their patent dispute, fell 1.3 percent after Apple said it would host an event on Sept. 12, at which it is widely expected unveil the iPhone 5.”

Kim reports, “The Korea Composite Stock Price Index (KOSPI) was down 1.5 percent at 1,879.01 points as of 0150 GMT on Wednesday.”

Read more in the full article here.

[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]


      1. Unfortunately, the U.S. will still be saddled with come $16.5 trillion in national debt, much of it Obama’s, and Romney will be tasked with trying to clean up the neophyte’s mess while weaning millions of leeches off the government teat.

        The national debt was at $10.6 trillion when the Obama empty suit took office.

        Obama’s “ideas” are unAmerican.

        Food-stamp use in the U.S. reached a record 46.7 million people in June 2012

        “I remember three-and-a-half years ago when Mr. Obama won the election and, though I wasn’t a big supporter, I was watching that night when he was having that thing and they were talking about hope and change; and they were talking about, ‘Yes, we can,’ and it was dark outdoors and it was nice and people were lighting candles. I just thought this is great. I mean everybody is crying. Oprah was crying. I was even crying. I haven’t cried that hard since I found out that there’s 23 million unemployed people in this country. Now, that is something to cry for. That is a disgrace, a national disgrace.” – Clint Eastwood, 2012 Republican National Convention

        1. thx to share that…

          exactly, like any other regular employee, if you don’t do the job YOU’RE OUT !!!!

          Join the reality which 23 Million other Americans share; welcome to the life of joblessness, Obama.

      1. You are far too late, 3l3c7ro. The spew started 8 minutes after this article was posted on MDN. It is not worth responding to the same old stuff, or even the new Clint stuff. Give it up folks. Just shut up and vote and we will live with the victor, as always.

    1. A divided government is what the U.S. voters overwhelmingly voted to put in place after seeing the real Obama agenda run unfettered for two years.

      This is how the greatest governmental system ever devised works and has worked for over two centuries.

      “Obstruction” is a positive when the alternative is more debt, wasted “stimulus” pork barrel spending and even greater deficits and misery. The more “do-nothing” the U.S. government is right now, the better. The government is too big and too intrusive. It is a tremendous weight, holding down economic growth.

      The One Hundred Twelfth United States Congress saved the country from even greater harm until the empty chair can be filled with someone competent to be U.S. president.

    2. The 2010 United States elections were held on Tuesday, November 2, 2010. The Democratic Party suffered massive defeats in many national and state level elections, with many seats switching to Republican Party control.

      The Republican Party gained 63 seats in the U.S. House of Representatives, recapturing the majority, and making it the largest seat change since 1948 and the largest for any midterm election since the 1938 midterm elections. The Republicans gained six seats in the U.S. Senate, expanding its minority, and also gained 680 seats in state legislative races, to break the previous majority record. This left Republicans in control of 25 state legislatures, compared to the 15 still controlled by Democrats. After the election, Republicans took control of 29 of the 50 State Governorships.

      The U.S. voting public put this barrier in place to protect the country from Obama. What they saw in Obama’s first two years triggered the 2010 landslide. The U.S. voting public will finish the job this November.

    3. Alright Puppet Master.
      I am electing you to run the country next.
      Just the mob of haters can pick you apart slowly,
      while, I enjoy the scene of High Definition Bob squeals.

    4. Both parties are to blame. We need to outlaw them both and make sensible policies the first of which is to stop printing money and pay off the national debt. This reminds of the recent Air France crash into the ocean when the copilot who kept pulling up the stick as he shouldn’t have until the plane stalled and fell. If he hadn’t kept pulling up on that stick they would have survived. He created the emergency and didn’t understand it even as they plunged into the cold ocean water. We need to stop pulling back on the economic stick and make things right for future generations. Do the responsible things that our irresponsible politicians, primarily concerned only with re-election, are incapable.

  1. Karma. Everybody around the world takes its share according to its size and actions : persons, people, companies, towns, countries. You people accept it, swallow it, change for yourself sake.

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