Monday September 17, 2:08 PM
Seoul shares steady on retailers; volumes light
SEOUL, Sept 17 (Reuters) - Seoul shares ended steady on
Monday as retailers and other stocks sensitive to domestic demand
such as Kookmin gained on data showing a surge in retail sales,
reinforcing confidence about robust economic growth at home.
But trading was light ahead of the Federal Reserve's policy
meeting on Tuesday, which is widely expected to result in lower
U.S. interest rates, although there is uncertainty about the size
of any move.
The benchmark Korea Composite Stock Price Index (KOSPI)
rose 0.1 percent to end at 1,871.68 points.
Hyundai Department Store Co jumped 4.5 percent to
104,500 won, while Kookmin Bank gained 1.4 percent to
73,500 won.
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