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S. Korean shares open lower on Wall Street loss

All News 09:17 June 01, 2016

SEOUL, June 1 (Yonhap) -- South Korean shares opened a tad lower Wednesday, taking a cue from overnight fall in Wall Street.

The benchmark Korea Composite Stock Price Index (KOSPI) fell 4.94 points or 0.25 percent to 1,978.46 in the first 15 minutes of trading.

Most large caps traded mixed with market kingpin Samsung Electronics gaining 0.54 percent. Global chipmaker SK hynix rose 0.35 percent.

In contrast, top automaker Hyundai Motor lost 1.43 percent, and its smaller affiliate Kia Motors fell 0.64 percent.

The local currency was trading at 1,189.90 won against the U.S. dollar, up 1.9 won from the previous session's close.


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