Shares start lower on Wall Street losses
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(4 Jan 2016) RESTRICTION SUMMARY: AP CLIENTS ONLY • • AP TELEVISION - AP CLIENTS ONLY • Seoul - 4 January 2016 • 1. Wide of market opening for the first time in 2016 at South Korean Exchange • 2. Screen with KOSPI (Korea Composite Stock Price Index) value showing 1954.47 (-6.84) on screen • 3. (Left to right) South Korean Finance Supervisory Services Governor Zhin Woong-seob, Financial Services Commission Chairman Yim Jong-yong and Chairman of Korea Exchange Choi Kyung-soo applauding at ceremony • 4. Wide of officials • 5. Yim entering and bowing by lectern • 6. Wide of Yim at podium • 7. SOUNDBITE (Korean) Yim Jong-yong, Financial Services Commission Chairman: • Our economy facing the year 2016 does in fact have several risk factors due to the US interest rate increase, China's economic slowdown and the possibilities of corporate restructuring in accordance with delay in domestic economic recovery. In preparations for these risk factors, the (South Korean) government will not only strengthen the efforts to stabilise the market but also proceed in a more determined manner to bring about financial reform that can secure the growth momentum of our economy. Especially, the capital market should be the centre of our financial market and for this purpose (we have decided to) step up our utmost efforts. • 8. Wide of market opening ceremony outside Stock Exchange with big poster with showing bull (symbol of the South Korean Stock Exchange market) • 9. Officials, including Yim, applauding at ceremony • 10. Wide of bull and monkey balloons symbolising market growth and fortune • 11. Pan of balloons • 12. Various of Yim holding bull and large replica of South Korean banknote • 13. Tilt down from of banknote to bull • 14. Wide of ceremony • 15. Wide of Stock Exchange with big screen showing KOSPI value • 16. Close of screen showing KOSPI at 1954.47, down by 6.84 points • 17. Various of screen with stock prices • 18. Tilt down and close of screen showing KOSPI • 19. Wide of market interior and screens • STORYLINE • South Korean markets opened lower on Monday on the first trading session of 2016, following Wall Street's losses of 1 percent last week. • The benchmark Korea Composite Stock Price Index (KOSPI) retreated 6.84 points, or 1.13 percent, to 1,954.47. • Ahead of the market opening, a short ceremony took place at the Korea Exchange to celebrate the opening of the stock market for 2016. • =========================================================== • Clients are reminded: • (i) to check the terms of their licence agreements for use of content outside news programming and that further advice and assistance can be obtained from the AP Archive on: Tel +44 (0) 20 7482 7482 Email: [email protected] • (ii) they should check with the applicable collecting society in their Territory regarding the clearance of any sound recording or performance included within the AP Television News service • (iii) they have editorial responsibility for the use of all and any content included within the AP Television News service and for libel, privacy, compliance and third party rights applicable to their Territory. • • Find out more about AP Archive: http://www.aparchive.com/HowWeWork • Twitter: / ap_archive • Facebook: / aparchives • Instagram: / apnews • • • You can license this story through AP Archive: http://www.aparchive.com/metadata/you...
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