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Seoul stocks open lower on profit-taking

All News 09:33 June 05, 2018

SEOUL, June 5 (Yonhap) -- South Korean stocks opened lower Tuesday, as investors sold off stocks to lock in profits.

The benchmark Korea Composite Stock Price Index (KOSPI) shed 2.13 points, or 0.09 percent, to 2,445.63 in the first 20 minutes of trading.

Tech shares were seeing mixed trading, with market bellwether Samsung Electronics edging down 0.59 percent, and chip giant SK hynix rising 0.67 percent.

Auto shares were down.

Top automaker Hyundai Motor retreated 0.7 percent, and its subsidiary Kia Motors fell 0.89 percent.

Bio shares rose to pare earlier losses.

Pharmaceutical firm Celltrion advanced 0.75 percent, and Samsung Biologics, the healthcare unit of Samsung Group, scored 2.39 percent.

The local currency was trading at 1,070.5 won against the U.S. dollar, up 1.4 won from the previous session's close.


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