Seoul shares open lower ahead of U.S. uncertainties
Published : 2013-12-12 09:29
Updated : 2013-12-12 09:29
South Korean stocks opened lower Thursday amid rising financial uncertainties from the United States as its central bank may announce a tapering of quantitative easing next week, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) lost 11.28 points, or 0.57 percent, to 1,966.69 in the first 15 minutes of trading.
Tech shares opened bearish, with Samsung Electronics slipping 1.2 percent and top chipmaker SK hynix decreasing 1.77 percent. LG Electronics remained unchanged from the previous trading session.
Builders also lost ground, with Hyundai Engineering & Construction falling 1.29 percent and Daewoo Engineering & Construction moving down 0.5 percent. Daelim Industrial shed 0.32 percent.
The local currency was trading at 1,053.35 won against the U.S. dollar as of 9:15 a.m., down 1.25 won from Wednesday's close. (Yonhap News)