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South Korean stocks opened lower Tuesday, led by declines in financial, telecom and other large-cap shares.
The benchmark Korea Composite Stock Price Index shed 6.13 points, or 0.31 percent, to 1,957.93 in the first 15 minutes of trading.
Blue-chip shares opened in negative terrain, with institutions and foreign investors trimming their holdings. Financial and telecom issues were leading the downward move.
The local currency was trading at 1,167.65 won against the U.S. dollar as of 9:15 a.m., down 2.25 won from Monday's close. (Yonhap)
The benchmark Korea Composite Stock Price Index shed 6.13 points, or 0.31 percent, to 1,957.93 in the first 15 minutes of trading.
Blue-chip shares opened in negative terrain, with institutions and foreign investors trimming their holdings. Financial and telecom issues were leading the downward move.
The local currency was trading at 1,167.65 won against the U.S. dollar as of 9:15 a.m., down 2.25 won from Monday's close. (Yonhap)
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