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Stocks open lower on profit-taking

South Korean stocks opened lower on
Thursday, as investors attempted to cash in recent gains, but top
market cap Samsung Electronics continued to build up gains.

The benchmark Korea Composite Stock Price Index added
3.6 points, or 0.15 percent, to 2,343.78 in the first 15 minutes of trading.

Large-cap stocks were mixed across the board.

Market kingpin Samsung Electronics was up 0.22 percent,
continuing a two-day winning streak. Hyundai Motor, the No. 1
automaker, moved up 1.23 percent.

In contrast, SK hynix, a major chipmaker, lost 0.53 percent and
top steelmaker Posco was down 0.71 percent.

The local currency was trading at 1,120.10 won against the US
dollar, down 0.6 won from the previous session's close. (Yonhap)
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