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Seoul stocks start lower as oil prices slump

All News 09:18 February 08, 2017

SEOUL, Feb. 8 (Yonhap) -- South Korean shares opened weak Wednesday on losses in blue chip shares as oil prices slumped.

The benchmark Korea Composite Stock Price Index (KOSPI) fell 11.92 points, or 0.57 percent, to 2,063.29 in the first 15 minutes of trading.

Most large caps traded in negative terrain with market kingpin Samsung Electronics falling 0.88 percent.

Top automaker Hyundai Motor shed 0.36 percent and top steelmaker POSCO declined 0.93 percent.

The local currency was trading at 1,145.30 won against the U.S. dollar, down 1.0 won from the previous session's close.

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