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Seoul stocks start lower on profit-taking

All Headlines 09:18 January 04, 2017

SEOUL, Jan. 4 (Yonhap) -- South Korean shares opened weak Wednesday as investors opted to cash in part of recent gains.

The benchmark Korea Composite Stock Price Index (KOSPI) slipped 3.36 points, or 0.16 percent, to 2,040.61 in the first 15 minutes of trading.

Most large caps traded mixed with market kingpin Samsung Electronics falling 0.33 percent.

Top automaker Hyundai Motor remained flat, and top steelmaker POSCO declined 0.2 percent.

Naver, the operator of the country's top Internet portal, rose 2.61 percent.

The local currency was trading at 1,207.30 won against the U.S. dollar, down 3.8 won from the previous session's close.
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