BUSINESS

Seoul stocks open lower on overnight US losses

By Yonhap
  • Published : Nov 10, 2017 - 09:43
  • Updated : Nov 10, 2017 - 09:43

South Korean stocks opened lower Friday, taking a cue from overnight losses on Wall Street amid a possible delay of US tax reforms.

The benchmark Korea Composite Stock Price Index fell 12.04 points, or 0.47 percent, to 2,538.53 in the first 15 minutes of trading.

(Yonhap)

Market kingpin Samsung Electronics lost 0.78 percent, and SK hynix, a major chipmaker, was down 0.36 percent.

Hyundai Motor, the No. 1 automaker, retreated 0.96 percent, and AmorePacific, the leading cosmetics firm, edged down 0.46 percent.

Top steelmaker POSCO, meanwhile, climbed 0.78 percent.

The local currency was trading at 1,117.60 won against the US dollar, down 2 won from the previous session's close. (Yonhap)