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South Korean stocks opened lower Wednesday tracking overnight losses on Wall Street, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) fell 7.66 points, or 0.38 percent to 2,023.98 in the first 15 minutes of trading.
Shares lost ground across the board, with tech giant Samsung Electronics falling 1.01 percent and No. 1 carmaker Hyundai Motor decreasing 0.77 percent. Top steelmaker POSCO shed 0.92 percent.
U.S. stocks closed lower Tuesday as investors took a breather after the market's recent upward rally, with the Dow Jones industrial average falling 0.06 percent and tech-laden NASDAQ composite index losing 0.44 percent.
The local currency was trading at 1,055.40 won against the U.S. dollar as of 9:15 a.m., up 1.0 won from Tuesday's close. (Yonhap News)
The benchmark Korea Composite Stock Price Index (KOSPI) fell 7.66 points, or 0.38 percent to 2,023.98 in the first 15 minutes of trading.
Shares lost ground across the board, with tech giant Samsung Electronics falling 1.01 percent and No. 1 carmaker Hyundai Motor decreasing 0.77 percent. Top steelmaker POSCO shed 0.92 percent.
U.S. stocks closed lower Tuesday as investors took a breather after the market's recent upward rally, with the Dow Jones industrial average falling 0.06 percent and tech-laden NASDAQ composite index losing 0.44 percent.
The local currency was trading at 1,055.40 won against the U.S. dollar as of 9:15 a.m., up 1.0 won from Tuesday's close. (Yonhap News)
