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Seoul stocks open lower on foreign selling

All News 09:23 January 11, 2018

SEOUL, Jan. 11 (Yonhap) -- South Korean stocks started lower Thursday, trailing overnight losses on Wall Street.

The benchmark Korea Composite Stock Price Index shed 1.52 points, or 0.06 percent, to 2,498.13 in the first 15 minutes of trading.

Foreigners remained net sellers as major U.S. indexes retreated Wednesday as investors worried that China would slow U.S. government bond purchases.

Tech shares were mixed. Top market cap Samsung Electronics inched down 0.16 percent, and SK hynix, a major chipmaker, edged up 0.27 percent.

Leading automaker Hyundai Motor fell 1.29 percent, and top chemical firm LG Chem gained 1.68 percent.

The local currency was trading at 1,070.1 won against the U.S. dollar, up 1.8 won from the previous session's close.


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