Seoul shares dip over 1% ahead of earnings reports, Fed decision

Seoul shares ended lower Monday, tracking losses on Wall Street, as investors remained cautious ahead of third-quarter earnings reports from major chipmakers and the US Federal Reserve's rate decision later this week. The Korean won rose against the US dollar. After opening 0.92 percent lower, the benchmark Korea Composite Stock Price Index extended its losses to close down 80.83 points, or 1.46 percent, at 5,469.47. Trade volume was light at 190.46 million shares worth 12.01 trillion won ($9.08

Source: The Korea Herald