The Korea Herald

지나쌤

Seoul shares open lower on U.S. losses

By 윤민식

Published : April 8, 2013 - 09:46

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South Korean stocks got off to a weak start on Monday, tracking losses on Wall Street in the previous trading session sparked by weak job data, analysts said.

The benchmark Korea Composite Stock Price Index (KOSPI) moved down 4.77 points, or 0.25 percent, to 1,922.46 in the first 15 minutes of trading.

Shares lost ground across the board, with top chipmaker SK hynix falling 0.88 percent and No. 1 carmaker Hyundai Motor losing 0.25 percent. Leading steelmaker POSCO moved down 0.32 percent.

U.S. stocks ended lower on Friday due to the country's stagnant jobs data, with the Dow Jones industrial average falling 0.28 percent and the NASDAQ composite index losing 0.65 percent.

The local currency was trading at 1,137.45 won against the U.S. dollar as of 9:15 a.m., down 5.65 won from Friday's close. (Yonhap News)