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South Korean shares opened slightly down on Friday as foreign investors sold tech shares on downbeat earnings prospects.
The benchmark Korea Composite Stock Price Index lost 13 points to 1,893.94 in the first 15 minutes of trading.
The index was trading 0.62 percent lower at 1895.08 points as of 9:37 a.m.
Most blue chip stocks were in negative terrain. Market bellwether Samsung Electronics fell 1.48 percent following disappointing fourth-quarter earnings and grim outlooks for its performance in the first quarter, and top chipmaker SK Hynix lost 1.81 percent.
The local currency was trading at 1,206.65 won against the U.S. dollar as of 9:15 a.m., up 1.85 won from Thursday’s close.
(khnews@heraldcorp.com)
The index was trading 0.62 percent lower at 1895.08 points as of 9:37 a.m.
Most blue chip stocks were in negative terrain. Market bellwether Samsung Electronics fell 1.48 percent following disappointing fourth-quarter earnings and grim outlooks for its performance in the first quarter, and top chipmaker SK Hynix lost 1.81 percent.
The local currency was trading at 1,206.65 won against the U.S. dollar as of 9:15 a.m., up 1.85 won from Thursday’s close.
(khnews@heraldcorp.com)
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Articles by Korea Herald
