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Seoul shares open lower despite U.S. gains

All News 09:26 January 03, 2019

SEOUL, Jan. 3 (Yonhap) -- South Korean stocks started nearly flat Thursday despite overnight gains on Wall Street.

The benchmark Korea Composite Stock Price Index (KOSPI) lost 1.37 points, or 0.07 percent, to 2,008.63 in the first 15 minutes of trading.

Market bellwether Samsung Electronics dropped 1.42 percent, and chipmaker SK hynix surrendered 3.3 percent.

LG Chem, the leading chemicals maker, retreated 0.15 percent, and Kumho Petro Chemical fell 1.66 percent.

But shipbuilders were strong, with Hyundai Heavy Industries jumping 4.78 percent and Samsung Heavy Industries going up 3.04 percent.

The local currency was trading at 1,126.15 won against the U.S. dollar, down 7.15 won from the previous session's close.


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