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지나쌤

Seoul shares start lower on decline in autos, chemicals

By Yonhap

Published : Aug. 7, 2023 - 09:43

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An electronic board showing the Korea Composite Stock Price Index at a dealing room of the Hana Bank headquarters in Seoul on Monday. (Yonhap) An electronic board showing the Korea Composite Stock Price Index at a dealing room of the Hana Bank headquarters in Seoul on Monday. (Yonhap)

South Korean stocks started a tad lower Monday, led by losses in market heavyweights, such as automakers and chemical companies.

The benchmark Korea Composite Stock Price Index fell 4.23 points, or 0.16 percent, to 2,598.57 in the first 15 minutes of trading.

Large caps led the decrease, with No. 1 carmaker Hyundai Motor declining 1.56 percent and its smaller affiliate Kia falling 2.98 percent.

Top oil refinery SK Innovation retreated 1.48 percent, and major chemicals maker LG Chem dropped 0.94 percent.

But local tech giants Naver and Kakao jumped 4.92 percent and 1.54 percent, respectively, on strong second-quarter earnings.

The local currency was trading at 1,304.4 won against the US dollar at 9:15 a.m., up 5.4 won from Friday's close. (Yonhap)

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