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Seoul stocks open weak on profit-taking

All News 09:19 June 10, 2016

SEOUL, June 10 (Yonhap) -- South Korean shares opened weak Friday as investors opted to cash in part of recent gains.

The benchmark Korea Composite Stock Price Index (KOSPI) slipped 3.37 points, or 0.17 percent, to 2,020.80 in the first 15 minutes of trading.

Most large caps traded mixed with market kingpin Samsung Electronics falling 1.19 percent.

Top automaker Hyundai Motor lost 0.72 percent, and top steelmaker POSCO rose 0.69 percent.

Naver, the operator of the country's top Internet portal, advanced 0.28 percent on news that its initial public offering will be made later in the day.

The local currency was trading at 1,160.45 won against the U.S. dollar, down 4.5 won from the previous session's close.

sam@yna.co.kr
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