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Seoul stocks open lower on foreign, institutional selling

All Headlines 09:31 August 09, 2018

SEOUL, Aug. 9 (Yonhap) -- South Korean stocks opened slightly lower Thursday as both foreign and institutional investors offloaded large-cap shares.

The benchmark Korea Composite Stock Price Index (KOSPI) lost 4.55 points, or 0.2 percent, to move to 2,296.9 in the first 15 minutes of trading.

Most large caps traded mixed, with market kingpin Samsung Electronics moving up 0.11 percent and global chipmaker SK hynix dropping 0.13 percent.

Bio shares, such as Celltrion, surrendered 3.26 percent, and Samsung Biologics added 3.96 percent.

The local currency was trading at 1,118.9 won against the U.S. dollar, up 1 won from the previous session's close.

khj@yna.co.kr
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