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Seoul stocks open lower on inflation worries

The benchmark Korea Composite Stock Price Index (KOSPI) figures are displayed at a dealing room of a local bank in Seoul, Wednesday. (Yonhap)
The benchmark Korea Composite Stock Price Index (KOSPI) figures are displayed at a dealing room of a local bank in Seoul, Wednesday. (Yonhap)
South Korean stocks opened lower Wednesday, tracking overnight tech losses on Wall Street that stemmed from US inflation concerns.

The benchmark Korea Composite Stock Price Index (KOSPI) fell 11.46 points, or 0.37 percent, to 3,058.63 points in the first 15 minutes of trading.

Samsung Electronics retreated 0.49 percent, and No. 2 chipmaker SK hynix shed 0.36 percent.

Top automaker Hyundai Motor moved down 0.2 percent, with internet portal operator Naver declining 1.02 percent. Leading chemical firm LG Chem added 0.79 percent.

Pharmaceutical firm Samsung Biologics dropped 1.18 percent, and Celltrion lost 0.84 percent.

The local currency was trading at 1,109.6 won against the US dollar, down 1 won from the previous session's close. (Yonhap)
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