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The Economic Times

Business

Anupam Nagar

Global Market: South Korean stocks decline as Samsung falls, oil prices fuel inflation fears

Oil Inflation Kospi Samsung

South Korean shares fell on Thursday, putting the benchmark KOSPI on course for a second straight weekly decline as weakness in chipmakers and inflation fears from higher oil prices weighed on investor sentiment.

The KOSPI was down 59.48 points, or 0.87%, at 6,744.42 as of 0058 GMT. The index has declined 3.71% so far this week, with South Korean markets set to remain closed on Friday for a public holiday.

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