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Seoul shares open sharply lower

All News 09:24 September 12, 2016

SEOUL, Sept. 12 (Yonhap) -- South Korean shares got off to a weak start on Monday as investors dumped blue chips on heightened worries over the global economy and other issues, analysts said.

The benchmark Korea Composite Stock Price Index (KOSPI) dropped 32.45 points, or 1.59 percent, to 2,005.42 in the first 15 minutes of trading.

Top market cap Samsung Electronics dipped 5.08 percent, and SK Innovation, the nation's largest refiner, fell 2.57 percent.

Auto shares also fell, with leading automaker Hyundai Motor inching down 0.36 percent, and its sister company Kia Motors decreasing 1.46 percent.

The local currency was trading at 1,111.30 won against the U.S. dollar, down 12.90 won from the previous session's close.


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