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S. Korean shares open lower on cautious sentiment

All News 09:23 April 11, 2016

SEOUL, April 11 (Yonhap) -- South Korean stocks started lower on Monday, as investors remained cautious ahead of the release of major Chinese economic data and a high-profile G20 meeting.

The benchmark Korea Composite Stock Price Index (KOSPI) shed 3.87 points, or 0.2 percent, to 1,968.18 in the first 15 minutes of trading.

Market heavyweights traded mixed, with top player Samsung Electronics dropping 1.79 percent and Hyundai Motor gaining 0.69 percent.

State-run Korea Electric Power Corp. rose 0.86 percent and top steelmaker POSCO stayed flat.

Traders will keep watch on a slew of upcoming data from China and the G20 finance ministers and central bank governors meeting to be held later this week in Washington.

Last week, the KOSPI finished 0.1 percent lower at 1,972.05 from a week earlier.

The local currency was trading at 1,151.45 against the U.S. dollar, up 2.35 won from the previous session's close.


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