[News Focus] Why Kim Jong-un spotlights mothers
Korean students outperform OECD average amid pandemic havoc: data
LG Display launches voluntary redundancy program in efficiency drive
‘Korea could go extinct without proper immigration policy’: minister
S. Korea, US, Japan to discuss regional security issues: White House
Seoul shares open lower on foreign sellingBy a2016032
Published : May 15, 2017 - 09:33
South Korean stocks opened lower Monday as foreign investors continued to dump market heavyweights, such as Samsung Electronics amid lingering geopolitical uncertainties.
The benchmark Korea Composite Stock Price Index lost 4.7 points, or 0.21 percent, to 2,281.32 in the first 15 minutes of trading.
Earlier in the day, North Korea said that it has successfully tested-fired a new surface-to-surface intermediate-range ballistic missile, claiming that the US mainland is within its reach.
Market bellwether Samsung Electronics lost 0.22 percent, while SK hynix, the world's second-largest memory chipmaker, remained unchanged.
Top automaker Hyundai Motor lost 0.97 percent, and its smaller affiliate Kia Motors shed 0.27 percent. Top auto parts maker Hyundai Mobis also declined 0.61 percent.
The local currency was trading at 1,126.40 won against the US dollar as of 9:15 a.m., up 1 won from Friday's close. (Yonhap)
S. Korea eyes chip alliance with Netherlands
SK carries out complete reshuffle of top brass
Suneung without 'killer questions' still not easy, results show