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[Hello India] India makes fresh overture to lure Korean financial firms
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LGBTQ+ dating app ad taken down 4 days later due to complaints
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[Feature] Constant competition drives Koreans to despair
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NK sends over 1,000 trash balloons to S. Korea in last 5 days
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Korea’s hostility to short selling may scare global investors away
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Opposition slams Yoon for failing to secure formal apology from Japan
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[Reporter’s Notebook] Why are so many districts in Seoul hopped up on beer fests?
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First lady likely to escape 'Dior bag' indictment
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German frigate visits Incheon on Indo-Pacific mission
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Celltrion eyes new production plant, aims for W5tr in sales
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South Korean stocks started lower Thursday amid lingering fears about a US recession.
The benchmark Korea Composite Stock Price Index lost 28.7 points, or 1.12 percent, to 2,539.71 in the first 15 minutes of trading.
Overnight, the Dow Jones Industrial Average fell 0.6 percent and the Nasdaq Composite dropped 1.05 percent as investors were still worried about a possible US recession and the sluggish performance of big tech companies.
The Kospi has risen for two straight sessions after plunging nearly 9 percent Monday due to massive selloffs.
In Seoul, large-cap shares led the weak opening.
Market bellwether Samsung Electronics decreased 1.74 percent and its chipmaking rival SK hynix sank 3.66 percent.
Top carmaker Hyundai Motor dipped 1.27 percent and its auto parts affiliate Hyundai Mobis went down 0.94 percent.
Bank shares were bearish as KB Financial Group dropping 0.25 percent and Shinhan Financial Group skidding 0.56 percent.
The local currency was trading at 1,377.95 won against the US dollar, down 1.15 won from the previous session's close. (Yonhap)
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