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Seoul stocks open lower on U.S. losses

All News 09:18 July 22, 2016

SEOUL, July 22 (Yonhap) -- South Korean shares started lower Friday taking a cue from overnight losses in Wall Street.

The benchmark Korea Composite Stock Price Index (KOSPI) shed 3.91 points, or 0.19 percent, to 2,008.31 in the first 15 minutes of trading.

Most large caps traded mixed with market kingpin Samsung Electronics falling 1.17 percent.

Top automaker Hyundai Motor remained flat, and top steelmaker POSCO rose 2.32 percent.

Naver, the operator of the country's top internet portal, advanced 0.43 percent.

The Dow Jones industrial average ended its six-day winning streak on Thursday in the face of worse than expected earnings from Intel Corp. and other major firms. The tech-rich Nasdaq Composite Index also shed 0.3 percent to 5,073.90.

The local currency was trading at 1,135.90 won against the U.S. dollar, unchanged from the previous session's close.


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