Seoul shares open lower on large-cap tech losses
Published : 2013-03-07 09:28
Updated : 2013-03-07 09:28
South Korean stocks got off to a weak start Thursday, erasing a two-day rally in the previous sessions, as blue-chip tech firms lost ground, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) fell
5.61 points, or 0.28 percent, to 2,015.13 in the first 15 minutes of trading.
Market behemoth Samsung Electronics shed nearly 1 percent, with its smaller rival LG Electronics declining 0.4 percent.
State-run electricity provider Korea Electric Power also dipped 0.6 percent.
The local currency was trading at 1,085.45 won against the U.S.
dollar as of 9:15 a.m., down 2.9 won from Wednesday's close. (Yonhap News)