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S. Korean shares open lower

All News 09:18 January 20, 2017

SEOUL, Jan. 20 (Yonhap) -- South Korean stocks started lower Friday following overnight Wall Street losses.

The benchmark Korea Composite Stock Price Index (KOSPI) dipped 4.03 points, or 0.19 percent, to 2,068.76 in the first 15 minutes of trading.

In New York, the Dow Jones Industrial Average fell 72.32 points, or 0.37 percent, to 19,732.40, a day ahead of Donald Trump's inauguration as the U.S. president.

At the Seoul bourse, most large caps were off to a weak start.

Market bellwether Samsung Electronics lost 1.07 percent, while global chipmaker SK hynix also was up 0.50 percent.

Leading automaker Hyundai Motor shed 0.66 percent and state-run utility firm Korea Electric Power Corp. dropped 0.23 percent. Top steelmaker POSCO also fell 1.98 percent.

The South Korean currency was trading at 1,175.80 won against the U.S. dollar, up 1.80 won from the previous session's close.

lcd@yna.co.kr
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