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피터빈트

Seoul shares open lower on Wall Street losses

By Korea Herald

Published : May 12, 2016 - 10:35

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South Korean share prices opened lower on Thursday following losses on Wall Street.

The benchmark Korea Composite Stock Price Index fell 6.16 points, or 0.31 percent, to 1,973.94 in the first 15 minutes of trading.

Traders monitor Seoul share prices at a local bank. (Yonhap) Traders monitor Seoul share prices at a local bank. (Yonhap)

Overnight, the Dow Jones industrial average slipped 1.21 percent, weighed down by lackluster earnings results for some high-profile companies including department store chain Macy’s.

Samsung Electronics remained bearish, while auto issues such as Hyundai Motor and Kia Motors both traded in negative territory. Chemical companies started lower as investors apparently locked in profits from recent rallies.

(khnews@heraldcorp.com)

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