Explosion At Yongbyon Nuclear Reactor

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PostFri Jan 06, 2012 6:01 pm » by Savwafair2012




South Korean shares have fluctuated on rumors of an explosion at the Yongbyon nuclear site in North Korea.

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The benchmark Korea Composite Stock Price Index (KOSPI) on Friday fell 20-point-six points, or one-point-11 percent, to finish at one-thousand-843-point-14.

The index plunged to one-thousand-824 at one point around 2 p.m. when the rumors spread, but it recovered before the end of the session.

The tech-heavy KOSDAQ dropped three-point-02 points to close at 518-point-94.

On the Seoul foreign exchange market, the local currency plunged ten-point-two won against the U.S. dollar to finish at one-thousand-162-point-nine won against the greenback.
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